1560-1566 Hart St. in Rahway — Courtesy: Zimmel Associates
By Joshua Burd
A pharmaceutical manufacturer is tripling its footprint in Rahway, having inked a 10,000-square-foot expansion at a five-building industrial park.
Zimmel Associates represented both parties in the lease between Health Pharma USA and Alard Realty LLC, the landlord at 1560-1566 Hart St. The drug maker currently leases 5,000 square feet at the complex and needed additional industrial space for its growing company, prompting it to take an additional 10,000 square feet at its current building.
Jaime Zimmel, a vice president with Edison-based Zimmel Associates, secured the space.
“Due to the challenges of COVID-19, the ability to lease space is a little more difficult,” Zimmel said. “The owner was cognizant of this and was able to cater towards the tenant to a concession, allowing the tenant to expand, move in, do necessary work and set up the space.”
In a news release, Zimmel noted that the building is minutes from Routes 1 and 9 and the New Jersey Turnpike, offering access to New York City, NJ Transit, Port Newark-Elizabeth and Newark Liberty International Airport. The Rahway property has an 18-foot clear ceiling height, two loading docks and 3,000 square feet of office space on two floors.
“We were still able to do a market rate rent due to the virus because industrial space is still needed and there was not a lot available at that time,” Zimmel said.