Clark Commercial Center in Clark — Courtesy: Denholtz Associates
By Joshua Burd
Denholtz Associates has inked a 10,050-square-foot lease at a commercial complex in Clark, bringing the 283,000-square-foot campus to full occupancy.
The developer and real estate investment firm on Thursday announced the lease with Thal MoldBuilding LLC, which it describes as a group of master mold makers specializing in the design, manufacturing, maintenance and repair of injection molds for critical applications. The business will use its new space at 33 Terminal Ave. to design and manufacture moldings and continue to serve its wide range of clients.
David Zimmel of Zimmel Associates represented both parties.
The deal comes less than three years after Denholtz and MB1 Capital Partners acquired what it calls the Clark Commercial Center, which consists of 10 commercial buildings spanning an entire block along Terminal Avenue. Thal MoldBuilding joins tenants at the complex such as the cosmetics giant L’Oreal, which leases more than 190,000 square feet for its North American research and development facility, along with Retro Fitness and KinderCare.
“Already the home to a number of quality tenants, the welcoming of Thal MoldBuilding, LLC marks 100 percent occupancy at the Clark Commercial Center,” said Kristine B. Hurlbut, senior vice president of leasing at Denholtz Associates. “Our ability to achieve full occupancy with such a variety of tenants speaks to our commitment to our multi-tenant diversification strategy, allowing us to provide superior, risk adjusted returns to our investors and offer an array of enhanced amenities and services to the town’s residents.”
Located just off Exit 135 of the Garden State Parkway between Central and Rahway avenues, the site totals about 21 acres. Denholtz also touted the property’s easy access to Interstate 78 and the New Jersey Turnpike, along with other retailers, restaurants and hotels.