Brookfield Signs Discount Retailer in New Jersey
The facility recently came online.
Amazing Savings, a New Jersey-based discount chain, has signed a 173,475-square-foot industrial lease at Brookfield Properties’ newly completely Spring Brook Commerce Center in Mine Hill, N.J. Resource Realty of Northern New Jersey arranged the deal on behalf of the tenant, while Lee & Associates represented the landlord.
Marking an expansion for Amazing Savings, the location will enable the firm to service the entire Tri-State area.
New Jersey’s industrial market witnessed a 6.2 percent vacancy rate as of May, the smallest in the U.S., according to a Yardi Matrix report. The national average clocked in at 8.8 percent that month.
A closer look at Spring Brook Commerce Center
Spring Brook Commerce Center is a 393,335-square-foot warehouse at 128 Iron Mountain Road. The LEED Silver-certified facility features a 42-foot ceiling height, 58-foot by 48-foot column spacing and 60-foot speed bays.
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The property is close to several major thoroughfares, namely Interstate 80, U.S. Route 46, as well as New Jersey state routes 10 and 15, some 32 miles northwest of Newark, N.J. and Newark Liberty International Airport. Midtown Manhattan is 43 miles southeast.
RRNNJ Principals Tom Consiglio and Scott Peck represented Amazing Savings in the lease deal. On the other side of the transaction, Lee & Associates Co-Founder & President Rick Marchisio, Senior Partner Drew Maffey, Senior Managing Director Will Ziegler, Vice President Joseph Komitor and Director Matt Esposito worked on behalf of the landlord.
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