Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, announced it has signed leases and amendments with seven companies for 34,545 square feet of flex industrial space at the Bridgewater Business Park located at 1W-5W Chimney Rock Road, 7W-10W Chimney Rock Road and 24E-30E Kearney Street in Bridgewater.
Showcasing the versatility of the well-located flex park, the seven companies represent a wide range of tenant types ranging from more traditional industrial users to fitness and sports-oriented companies. Shaolin Kung Fu & Tai Chi LLC signed a lease for 6,000 square feet to house a training facility and Medeo Fencing School renewed their lease for their current 9,005 square feet space. Industrial Rubber Company, a tenant since 2000, renewed their lease for 8,000 square feet at 7W Chimney Rock Road and Bridgewater Marbleworks, another longtime tenant, expanded into the balance of 3W taking an additional 3,300 square feet. Additionally, three companies signed renewals of their existing leases with K&S Hydraulics, Inc. renewing for 4,000 square feet, Hillside Corvette renewing for 2,840 square feet and 4M Connect LLC renewing for 1,400 square feet.
Currently in the midst of a multi-phase, property-wide renovation project, the 380,000 square- foot Bridgewater Business Park boasts a superior location just off Route 22 at the convergence of Routes 202 and 206 and Interstates 78 and 287. The Park also provides easy access to the Garden State Parkway and New Jersey Turnpike. Nearby attractions include the Bridgewater Commons Mall, outstanding dining choices, banks, hotels and conference centers.
“Our ability to negotiate leases with new tenants only speaks to half of the Denholtz leasing strategy,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “We also leverage our substantial in-house capabilities and continue to execute significant capital improvements across our portfolio to ensure that we continue to retain current tenants. Our dual-pronged approach to leasing enables us to maintain high occupancy throughout our portfolio and deliver superior risk-adjusted returns to our investors.”
Jordan Zimmel of Zimmel Associates represented both Denholtz Associates in the lease negotiations.
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