, a number one business actual property providers agency primarily based in Edison, has brokered a long-term lease for a 95,000-square-foot industrial constructing at 220-224 Shreve Avenue in Mount Holly. The lease was finalized inside 60 days of Zimmel taking up the itemizing, highlighting the agency’s means to ship outcomes via market perception and strategic problem-solving.
The property, owned by BMB Properties and Administration, LLC, had remained vacant for over 9 months whereas listed with one other brokerage firm. With decrease ceiling heights, restricted entry to main highways and a location outdoors conventional industrial hubs, the constructing posed distinctive leasing challenges.
After Zimmel Associates efficiently dealt with the sale of the proprietor’s 100,000-square-foot facility in Branchburg, the consumer turned as soon as once more to David Zimmel, president of Zimmel Associates, to lease the Mount Holly web site.
Recognizing untapped potential, Zimmel recognized a key benefit: The property was zoned for hashish use. Leveraging this uncommon zoning designation — and the constructing’s heavy energy capability and intensive air-con — Zimmel positioned the location as a great match for the hashish sector. This technique led to a profitable lease settlement with Beholy, LLC, a hashish cultivation firm.
“This transaction demonstrates our means to uncover worth the place others see limitations,” mentioned David Zimmel. “By understanding each the market and the property’s distinctive attributes, we had been in a position to entice the suitable tenant and shut the deal shortly.”
With cannabis-zoned industrial area in New Jersey in restricted provide, the lease with Beholy, LLC highlights the rising demand for specialised services — and Zimmel Associates’ continued success in navigating advanced actual property eventualities.
