Monday, July 17, 2006

Jones Lang LaSalle

GlobeSt.com Commercial Real Estate News and Property Resource
Last updated: June 23, 2006 11:23am
Electronic Security Firm Takes 32,000 SF
By Eric Peterson


FAIR LAWN, NJ - Henry Bros. Electronics Inc. has signed a long-term lease for 31,801 sf at 17-01 Pollitt Dr. here and will move its headquarters to the building from the company’s current location in Saddle Brook, NJ. The move will increase the company’s space by some 40%, according to company officials.

"We believe that this new facility will accommodate the growth of our operations and enable us to expand our customer base," says the company’s CEO, James Henry. "The new facility will combine our New York and New Jersey regional integration business with our corporate headquarters and two subsidiaries, Viscom Products and Airorlite Communications."

Henry Bros. Electronics is a turnkey provider of technology-based integrated electronic security systems and products. Besides its headquarters, the location will be used for assembly, testing and training, as well as warehouse space.

The single-story, 105,367-sf 17-01 Pollitt Dr. is a flex building owned by Kushner Properties of Florham Park, NJ. The lease was negotiated by Chris Marx of Studley representing Henry Bros., and by Ira Bloom, director of commercial real estate for Kushner and Dennis Gralla and Chris Tichio of Alexander Summer, exclusive brokers for the property. The new lease runs through October 2016, and Henry Bros. is expecting to move in during Q3 of this year.

Henry Bros. joins a tenant roster that include US Technologies, Semperit, Kyodo and Vyteris Inc. As reported by GlobeSt.com, the latter signed a 26,255-sf lease with Kushner earlier this year.

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