New York & Tri-State + New Jersey + Industrial | January 27, 2023

CBRE has completed 18 leases at East Hanover Commerce Center in New Jersey's Morris County since being hired by complex's owners in November 2021

CBRE Tallies 18 Leases at Morris County Industrial/Flex Complex

CBRE has completed 18 leases at East Hanover Commerce Center, a three-building industrial complex located in Morris County, NJ along the Route 10 corridor. These transactions have been completed since Vision Real Estate Partners and Barings tapped CBRE in November 2021 to oversee leasing at the centrally located 167,050-square-foot industrial/flex complex

The CBRE team of Thomas Monahan, Larry Schiffenhaus, Stephen D’Amato, Anastasia Lazarides, Gerard Monahan and Lauren Hageman oversee the leasing campaign at East Hanover and negotiated all the transactions, in conjunction with Vision’s in-house leasing manager, Ryan McCarthy.

“East Hanover Commerce Center experienced tremendous leasing activity during 2022 as demand for quality industrial space, and specifically small bay space in New Jersey remained very strong,” said Schiffenhaus. “In addition, the new leases speak to the ownership’s commitment to the asset and hands-on approach to management and stabilizing the facility.”

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Inside The Story

CBRE's Schiffenhaus

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).