5 Nami Lane in Hamilton — Courtesy: NAI Fennelly
By Joshua Burd
A restaurateur has purchased 15,000 square feet of industrial space in Hamilton that he will use as a facility for his new catering business, according to brokers with NAI Fennelly.
Synergy Global Properties, a firm owned by Mangesh Chinthamaneni, paid an undisclosed price in the transaction at 5 Nami Lane. The space will serve as a commissary for Samudhra, the restaurant he opened in 2019, to serve customers throughout central New Jersey.
NAI Fennelly’s Jerry Fennelly and Matt Fennelly represented the seller, Americo II LLC, while Peter Shikar of CBRE represented the buyer.
“While large sales tend to dominate the headlines when it comes to industrial real estate in New Jersey, much of the market’s sales velocity continues to be driven by small businesses like Samudhra that are looking to expand their operations,” Jerry Fennelly said. “We were happy to be able to negotiate this sale with their team and help them find the ideal space to grow their business in central New Jersey.”
In announcing the deal, Fennelly noted that Chinthamaneni is a former information technology entrepreneur who entered the hospitality business with the opening of Samudhra, a premium casual Indian restaurant and lounge at 3391 Route 27 in Franklin Park. He now envisions spreading the Indian food culture globally by opening more locations across the U.S., Canada, London, Dubai and India in the coming years, the firm said.
Its new space is part of a single-story, 27,000-square-foot building with 14-foot ceiling heights and a location off Quakerbridge Road, with access to Interstate 295 and Route 1. NAI Fennelly brokered the sale on behalf of a longtime client, Robert Nami, who is disposing of excess real estate as he plans his retirement.