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Cushman & Wakefield Brokers 46,000-Sq.-Ft. Lease for American Musical Supply
Oakland, N.J., Transaction Marks Expansion of Company's East Coast Operation
Curtis Foster, Ben Hochron and Jerry Shifrin of Cushman & Wakefield's East Rutherford, N.J., office headed the assignment. In 2011, the team also orchestrated a 9,000-square-
"Oakland Industrial Park houses our client's entire East Coast distribution operation, which has grown rapidly over the past few years," Foster noted. "The newest facility is serving as swing space, and the transaction closed just in time to accommodate the surge in activity the company experiences during the holiday season."
Foster added that the ability to expand within the immediate neighborhood provided significant benefit for American Musical Supply. "Oakland is a largely residential town with a limited supply of industrial space," he said. "The opportunity to keep the entire operation here is a real win in terms of convenience and operational efficiency."
Raymour & Flanagan Furniture owns 12 Thornton Road. The company was represented by Rob Kossar, Blake Chroman and Chris Hile from Jones Lang LaSalle in the American Musical Supply lease.