Jones Lang LaSalle

Firm Subleases 102,000 SF of Industrial Space
By Eric Peterson
Last updated: December 20, 2005 10:25am

(To read more on the industrial market, click here.)
CARLSTADT, NJ-Multi Dimensional Resources has subleased 102,012 sf of industrial space, representing the entire building at 190 Jony Dr. The two-year-old company, which makes point-of-purchase displays, is utilizing the space as its corporate headquarters and for distribution purposes, moving over from another location here. The sublessor is Gift Certificates.com, which vacated the space when it moved its operations to Seattle.

Gift Certificates.com was represented in the transaction by Thomas F. Monahan, senior vice president, and associate Andrew Houston of Colliers Houston & Co., Teaneck, NJ. Multi Dimensional was represented by Adam Judelson of the locally based Team Resources Inc. Terms of the deal were not released.

In a separate transaction, Monahan and Nicholas Sonne, also of Colliers Houston’s Teaneck office, negotiated the sale of the 21,470-sf flex building at 480 Alfred Ave. in Teaneck to Swede Farms Inc. of Jamaica, NY. The building was originally marketed as a long-term sublease for International Paper’s lease from Alfred Investors. The latter was the seller in the latest transaction. Swede Farms, a distributor of dairy products, will use the building as its primary distribution center and headquarters.