Jones Lang LaSalle

Topcon’s Sale, Lease Deals Total 74,000 SF
By Eric Peterson
Last updated: December 5, 2005 10:04am

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KENILWORTH, NJ-After a series of three deals, Topcon America has rearranged its North American facilities in Pennsylvania and New Jersey. The Paramus, NJ-based subsidiary of Japan’s Topcon Corp. makes surveying, ophthalmic, GPS and industrial instruments and control products.

The series of deals was arranged by Real Estate Strategies Corp., based here. According to Andrew B. Zezas, the firm’s president, the transactions totaling 74,000 sf included the sale of Topcon America’s office and manufacturing facility and the leasing of office space in Norristown, PA. It also included the leasing of warehouse space in Bergen County, NJ.

“Topcon America realized they no longer needed their facility in Norristown,” Zezas says. “They wanted to consolidate the bulk of the company’s operations in Northern New Jersey, where its headquarters is presently located in Paramus, while keeping a small amount of office space in Norristown for employees located in that area.”

“Topcon engaged us to coordinate a plan,” says Matthew D. Kirby, Real Estate Strategies’ vice president. “These transactions marked a big step for the company.”