8:00 AM
Newmark Grubb Knight Frank (NGKF) is pleased to announce the completion of a 10-year lease at 15 Gardner Road in Fairfield, New Jersey, on behalf of Aarkish Pharmaceuticals LLC. NGKF Associate Director Trevor Patterson represented the tenant in the transaction, which was valued at $1.1 million.
“Aarkish Pharmaceuticals and I evaluated geographical locations based on the company’s client base and employee travel time, and we established Fairfield as the most ideal area,” said Patterson. “Having a tight timeline, we were very fortunate to secure 15 Gardner Road, as the inventory for Aarkish Pharmaceuticals’ desired layout and ceiling height requirement is extremely limited in the area.”
15 Gardner Road-a single-story industrial warehouse-style building-displays a classic brick façade, several large windows and 22-foot ceilings that allow for maximum natural light. The property is approximately 30,000 square feet, of which Aarkish Pharmaceuticals will occupy 14,698 square feet. The property also offers convenient highway access, with proximity to the Garden State Parkway, I-80, I-287 and Route 46. The property is owned by Prologis.
“I am pleased to have worked with Aarkish Pharmaceuticals and Prologis in this transaction, as everyone was very flexible and communicative,” Patterson noted. “The landlord was also cooperative and considerate in completing the transaction within the challenging timeline. I think both companies will be very pleased in the outcome of this transaction.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.