As one of the region's largest commercial real estate firms, we have
concluded transactions involving more than 100 million square feet and worth $3 billion -- all in the last 10 years alone.

Working as teams that follow special project disciplines, and resourcing national affiliation databases, SBWE has completed over 95% of the exclusive assignments ever undertaken - becoming the region's "industrial strength" real estate firm in the process.

Raymour & Flanagan Buys Former Rockaway Bedding HQ

Furniture Distributor Purchases Morris County Distribution Center

Furniture company Raymour & Flanagan acquired the former Rockaway Bedding headquarters and distribution center at 1578 Sussex Turnpike in Randolph, NJ, from Beta Realty LLC. The terms of the deal were undisclosed.

The single-story, 165,000-square-foot facility was built in 2002 and is in the Route 80 Corridor Industrial submarket. The property has 67 tailgate doors, cross-dock loading and 70 trailer parking spaces.

The SBWE Inc. team of Richard Meyers and Jeffrey Fulton represented Beta Realty LLC. Joel Friedman and Larry Blau of SBWE represented Raymour & Flanagan.

11M Takes 157,000-SF Warehouse

ROCKAWAY, NJ-Kari-Out Co. has acquired the 157,000-sf warehouse building at 52 Green Pond Rd. here for $11 million, which factors out to approximately $70 per sf. The White Plains, NY-based food products distributor will use the formerly vacant building for W/D purposes. The seller was a local private investor.

The buyer was represented by Greg Sholom and Sheila Sachs of Team Resources Inc., Carlstadt, NJ; the seller was represented by Ed Schein of SBWE Inc. of Hasbrouck Heights. The building had been listed with an asking price of $5.50 per sf for lease, or $85 per sf for sale.

The building, which sits on a 10-acre site, was constructed in the mid-60s. It includes a 10,000-sf office component, 15 loading docks and clear ceiling heights to 23 feet.

NJBF Renews 68,000 SF in Englewood

CYK Development Acquired Industrial Facility Last Month From Sam Young Corp.

New Jersey Business Forms (NJBF) renewed its 68,000-square-foot lease for five years at 55-65 Sheffield Ave. in Englewood, NJ.

The landlord, CYK Development, purchased the industrial building in April from Sam Young Corp. for an undisclosed amount. SBWE Inc. of Hasbrouck Heights marketed the building for $7.8 million. Sang Oak Ra of SBWE was the sole broker on both the sale and lease.

The 68,000-square-foot facility is comprised of 61,880 square feet of warehouse space and 6,120 square feet of office space. It sits on three acres and features seven loading docks, one drive-in bay and a clear height of 17 feet.

NJBF manufactures business forms, laser-compatible ID card products, and label products.

Hanovia Renews HQ Lease in Union

Firm Extends 53,000-SF Deal for One Year on Lehigh Ave.

Hanovia Ltd., a leader in ultraviolet technology, signed a one-year lease renewal for the 52,908-square-foot industrial building at 825 Lehigh Ave. in Union, NJ. The property will continue to serve as Hanovia's headquarters.

The facility was built in 1949 and renovated in 1986. It has seven loading docks and one drive-in bay.

Scott Deutchman and Richard Kropp of SBWE represented the tenant and the landlord, Emmes Realty Services.

Quest Health Spa Leases Hasbrouck Heights Retail Bldg.

Spa Operator to Invest $1 Million in Upgrades at 16,800-SF Facility

Quest Health Spa signed a 10-year lease with renewal options for the 16,800-square-foot retail building at 75 State Route 17 in Hasbrouck Heights, NJ. Rockaway Bedding formerly occupied the property.

The 16,800-square-foot, freestanding building was constructed in 1960 on a half-acre in Bergen County, about 15 minutes from New York City. It features signage and a traffic count of 100,000 vehicles-per-day.

Glenn Evans of SBWE represented the tenant and the landlord, Three Buildings LLC.

Quest will operate an upscale spa with state-of-the-art equipment and services at the site. According to Evans, the company plans to spend more than $1 million in tenant build-outs prior to its scheduled opening in early spring.

Construction is Underway on 100,000-SF Flex Building
By Eric Peterson (Globestreet)

RANDOLPH, NJ-A local development group has started work on a new 100,000-sf flex building within the Sussex Turnpike Industrial Campus. Hasbrouck Heights, NJ-based SBWE, Inc. has gotten the leasing exclusive for the property.

The pre-cast concrete facility is part of the 159-acre Sussex Turnpike Industrial Campus. Construction is underway on the building, with a spring, 2002 occupancy slated. It will have 28-foot ceilings and build-to-suit offices, and is divisible into 10,000-sf units.

Sussex Turnpike Industrial Campus currently includes a one-story, 450,000-sf facility that was originally a Westinghouse Elevator manufacturing and distribution center. It currently has 140,000 sf of space available, divisible to blocks of 25,000 sf.

"There are plans for two additional buildings at the site," according to SBWE's Jeff Fulton, who with SBWE colleague Richard Meyers has the assignment. "One will be about 80,000 sf, the other 50,000 sf. Both will be constructed per a client's specific design requirements."

Besides its Hasbrouck Heights home base, SBWE has an office in Edison, NJ. The firm deals in industrial, value retail, office and investment real estate brokerage.

SBWE Partner Negotiates Four Leases Worth $75 Mil
By Eric Peterson (Globestreet)

HASBROUCK HEIGHTS, NJ-Michael L. Evans, CEO of SBWE, Inc., the brokerage firm based here, has arranged four new leases with a combined value of more than $75 million, totaling more than 420,000 sf of industrial space and 140,000 sf of retail space. The deals bring Evans' career tab to over 530 transactions for some 20 million sf with a total value of over a billion dollars.

Three of these latest leases were signed by retail chain operators for warehouse/distribution space. In the first, Prada took all of a new 175,000-sf office and distribution facility at Castle Road Industrial Park in Secaucus, NJ, owned by Castle Industrial Park LLC. The lease term is 20 years, but no other details were disclosed.

Also, Toys "R" Us has leased a 140,000-sf distribution center in Pine Brook, NJ for its Imaginarium store subsidiary. The property is owned by First Industrial Realty Trust. And Armani A/X has leased a 107,000-sf distribution center in the Hartz Mountain Industrial Park in Secaucus, owned by Hartz Mountain Industries.

Finally, Lowe's Corp. has signed a 30-year lease for 12 acres at 7801 Tonnelle Ave. in North Bergen, NJ, owned by United States Land Resources. A former Evan Picone office/distribution facility on the site has been torn down and will be replaced by a new 140,000-sf Lowe's Home Improvement Center retail outlet, according to Evans.

"These leases indicate the continued strength of the industrial market here in New Jersey, despite slow-downs in other sectors of the market," according to Evans, who represented both the tenants and the property owners in all four deals. "These transactions also attest to the strength of creditworthy retailers that will continue to need good warehouse space to support their retail store operations, as well as good store locations."

Besides its home office in Hasbrouck Heights, SBWE also has an office in Edison, NJ. The firm specializes in industrial, value retail, office and investment real estate brokerage.