The East Hanover Commerce Center at 9, 11 and 15 Melanie Lane in East Hanover — Courtesy: CBRE
By Joshua Burd
A joint venture has picked CBRE as its leasing team for nearly 170,000 square feet of industrial space just north of Route 10 in East Hanover.
Brokers with the firm will represent Vision Real Estate Partners and Barings in the assignment, which spans three buildings at the East Hanover Commerce Center at 9, 11 and 15 Melanie Lane. Larry Schiffenhaus, Thomas Monahan, Stephen D’Amato, Anastasia Lazarides, Gerard Monahan and Lauren Hageman will oversee the leasing campaign at the 167,050-square-foot complex, touting its quick access to major highways, drive-in bays, loading docks and ceiling heights up to 24 feet.
“We are excited to bring this industrial property to the market,” Schiffenhaus said. “Given the lack of supply and demand for quality small bay industrial/flex space for lease in New Jersey, availabilities at this centrally located complex will not remain on the market long.”
Brokers announced last month that Vision and Barings had purchased the complex. Terms were not disclosed.