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Cory Home Delivery Leases 175,000 Sq. Ft. in North Bergen, N.J.

Cushman & Wakefield Brokers Long-Term Distribution Center Deal

PRLog - Aug. 24, 2012 - Cory 1st Choice Home Delivery leased 175,000 square feet at 5601 Westside Ave. in North Bergen, announced commercial real estate services firm Cushman & Wakefield, Inc. The company, which specializes in warehousing and home delivery of fine furnishings, appliances and consumer electronics, relocated its primary distribution operation to the property from Elizabeth, N.J.

Stan Danzig, Jules Nissim, Stephen Elman and Cathy Bounczek, based at Cushman & Wakefield’s East Rutherford, N.J., office, represented Cory in negotiating the long-term lease. Hartz Mountain Industries, a prominent, privately held regional commercial real estate company based in Secaucus, N.J., owns the building.

Founded in 1934 as a one-truck operation, Cory has grown into one of the country’s largest and most experienced home delivery companies. The family-owned firm today executes more than 1.6 million annual home deliveries, handling $2 billion worth of consumer products.

“Cory had been in its Elizabeth facility for more than 40 years, and its needs had changed dramatically,” Danzig said. “Quite simply, it was time for a more efficient, modern space with proximity to the company’s headquarters in Secaucus. The North Bergen facility met these requisites.”

According to Bob Alter, Cory’s chief operating officer, the selection of 5601 Westside Ave. followed an extensive site search. “Stan and his team took us through a very thorough process,” he said. “We looked at 25-plus sites, and this one became the clear choice. The location is tremendous; we are just five miles from the Lincoln Tunnel and strategically positioned between I-95 and I-80.”

Alter and Danzig met years ago through a mutual client. Their companies began working together in 2008, when Danzig and his team brokered Cory’s headquarters relocation from Jersey City, N.J., to Secaucus. Since then, Cushman & Wakefield also has orchestrated satellite distribution center transactions for Cory in New York, Minnesota, Pennsylvania and Texas.

“We are frequently asked by our clients to locate, open and begin operating in a specific marketplace within 30 to 45 days,” Alter said. “Stan’s team has been able to find locations and expedite the overall process in order for us to meet these highly ambitious goals.”

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Source:Caryl Communications, Inc.
Location:New Jersey - United States
Industry:Real Estate
Tags:commercial, Real Estate, industrial, Property, retail
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