Heller Industrial Parks, Inc.

HELLER INDUSTRIAL PARKS COMPLETES +/- 5 MILLION SF OF LEASES IN 2016

Edison, New Jersey
January 11, 2017

HELLER MAINTAINS FULL OCCUPANCY IN 15.3 MILLION SQUARE FOOT PORTFOLIO.

Heller Industrial Parks, one of the nation’s largest privately-held distribution center owner/manager, announced today that it completed 52 transactions involving +/- 5 million square feet in 2016. “Heller’s portfolio, while maintaining a 100% occupancy rate, experienced a high-level of activity in 2016, even after a record year in 2015,” stated Brian Banaszynski, President of Heller. “While we renewed a large majority of expiring leases, Heller’s quality buildings at very competitive rents attracted over 1.25 million square feet of new leases and expansions prior to any space being vacated, as tenants sought to secure space in very tight market conditions.”
Heller’s in-house leasing team of David Paster and Fred Kurtz worked closely with the following brokers in 2016:
• JLL: David Knee, Joel Lubin
• C&W: Chuck Fern, Jason Barton, Jason Goldman, Frank Caccavo, Stephen Elman, Larry Casey, Robin Ritter-Ceriello
• CBRE: Tim Vogds, Steve Beyda
• Lee & Associates: Rick Marchisio, Crista Bartolomeo, David Saltzman
• NAI Dileo Bram: Rich Galuppo
• Weichert Commercial: Tony Baseil
• Team Resources: Greg Sholom
• Lance Bram Commercial: Joe D’Agostino, Lance Shalit
• Logistics Realty: Bill Hettler
• Bussel Realty: David Blitt, Manny Judah
• RE/MAX Commercial: Joe Santoro, Pat Tarczilo
• Transwestern: John Brewer
• Fisher & Company: Andrew Henry
• AJR Commercial: Art Reinitz
Highlights of this year’s transactions include:
Largest and Highest Value New Deal: The Tile Shop, represented by David Saltzman, new long-term lease in South Brunswick
Largest Renewal: Roland Foods, represented by Joel Lubin, renewed and expanded in South Brunswick

“The U.S. and New Jersey industrial markets both reached new highs in 2016. Demand continued to outpace supply, resulting in lower vacancy rates and higher rents,” continued Banaszynski. “Limited land availability will make it even more challenging for tenants seeking large modern distribution and warehouse facilities. Heller is carefully monitoring the ever-changing market conditions, assessing when to commence the next building at our approved 2.6 million square foot project in South Brunswick (www.hellerparknorth.com), which is within the highly-desirable Exit 8A submarket.”
About Heller Industrial Parks
I. Heller Construction was founded by Isaac “Ike” Heller in 1966, who later founded Heller Industrial Parks. Based in Edison, NJ it is a full-service privately-held firm that develops, owns, leases and manages its own portfolio of over 15 million square feet of modern distribution and logistics buildings nationwide. Heller’s sites are strategically located with superior truck, rail and port access. For more information, please see www.hellerpark.com