Sky Trading LLC to Occupy 11,300 Square Feet at N.J. Meadowlands Property
CARLSTADT, N.J., June 26, 2017 – Sky Trading LLC has signed a long-term lease for 11,300 square feet at 150 Commerce Road in Carlstadt, announced Key Properties LLC, owner of the fully leased, 30,000-square-foot industrial building. The company, which distributes high-end wigs and other hair pieces, including extensions, will relocate its operations to the property from South Carolina.
Sky Trading’s desire to grow its business in a thriving tri-state area submarket drove its search for a location in the New Jersey Meadowlands, according to Marc Schlussel, co-managing partner of Key Properties. “Smaller-sized industrial space is in high demand among tenants today, making 150 Commerce Road particularly attractive to a variety of users,” he said. “Our property’s location – offering superior accessibility to New York City, major highways and public transportation – enhanced its appeal for Sky Trading.
“All parties involved in the transaction worked diligently to ensure its completion in a timely and efficient manner,” Schlussel added. Troy Wisse of Lee & Associates negotiated the transaction; Jack Zakim of Zakim & Zakim P.C. provided legal counsel for the tenant.
Located in the heart of the Meadowlands submarket, 150 Commerce Road offers high functionality for warehouse users, with overhead doors, tailgate loading and convenient parking. A portion of the single-story building is air conditioned. The property sits less than 30 minutes from New York City and the Port of Newark/Elizabeth; and offers proximity to routes 3 and 17, I-95, I-80 and the Garden State Parkway. Tenants also enjoy NJ Transit bus service within two blocks of the property, along with easy access to the Secaucus Junction rail hub, and Newark Liberty International and Teterboro airports.
Based in Teaneck, N.J., Key Properties is a second-generation, family-owned and operated real estate development, construction and management firm. The full-service organization invests in a range of commercial property types – with a focus on value-added potential – and is a leading expert in Brownfields redevelopment and condemnation proceedings. Concentrated in Northern and Central New Jersey, the Key Properties portfolio today includes approximately 500,000 square feet of assets and over 30 acres of developable land. Since its inception in 1983, Key Properties has completed a variety of projects including office, industrial and retail properties, as well as mixed-use developments.