Lee & Associates New Jersey, a leading New Jersey based full-service independent commercial real estate firm, announced it has brokered a 35,313 s/f long-term lease agreement on behalf of Matheson Tri-Gas for the top floor at 3 Mountainview Road, Warren, NJ.
The new building, which sits alongside Route 78, was most recently occupied in its entirety by Chubb Corp. The owner of the property, KRE Group, is planning major renovations to the property as part of its plan to attract multiple office tenants. Matheson Tri-Gas is a major domestic and international supplier of industrial gases.
Brian Lynch SIOR and Peter Rasmusson CCIM from Lee & Associates New Jersey represented the tenant. Newmark Knight Frank’s Jamie Drummond, Andrew Perrotti and Dan Reider represented KRE Group.
“Our recent acquisition of the HyCo business assets unit from Linde required us to find a larger space,” said Stephen Stroud, Executive Vice President and General Counsel at Matheson Tri-Gas. “While we were offered many attractive proposals, 3 Mountainview Road addressed all of our needs at the best price.”
The Class A 105,000 s/f three-story building features high ceilings, underground covered parking and visibility for signage on Route 78.
Improvements to the common areas and grounds are expected to be completed by year end and include a complete renovation of the building’s lobby, cafeteria, and the addition of a 75-person common conference facility as well as a new fitness center. The landlord is also expanding on-site parking.