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Deals & Dealmakers

LEASES: TrueFacet takes space in Garment District, tech firm renews in Carlstadt


TrueFacet, an online destination to buy and sell used designer jewelry and watches, has committed to an office lease at 530 Seventh Avenue. TrueFacet is relocating its corporate offices from 1412 Broadway to the boutique office property, located in the heart of the Garment District.

The Savitt Partners team of Nicole Goetz, Brian Neugeboren and Bob Savitt represented the building ownership in the lease negotiations. Alex Leopold and Eric Cagner of Newmark Grubb Knight Frank (NGKF) represented TrueFacet in the transaction.


NAI James E. Hanson, a New Jersey-based full-service independent commercial real estate firm, announced it has negotiated a 5,000-square-foot, industrial lease located at 18 W. Forest Avenue in Englewood, N.J.

NAI Hanson’s Kenneth D. Lundberg, SIOR, Steve Pastor and Patrick Lennon represented the landlord, West Forest Ave Industrial Inc. in the lease transaction to Lynx Innovation.
18 West Forest Avenue is a single-story industrial/flex space located in the Van Brunt Business Center, boasting 18’ ceilings, 1 tailgate and onsite parking with 2,000-square-feet of office space. It offers easy access to Route 4, Interstate 95, and New York City via the George Washington Bridge. Lynx Innovation will utilize the space to support its retail merchandising company that primarily focuses on the needs of large scale retailers and their vendors.
Michael Schipper of Blau & Berg represented the tenant, Lynx Innovation, in the transaction.


WATER-JEL Technologies has renewed its 109,410-square-foot lease at 50 Broad Street in Carlstadt, in a long-term transaction brokered by Colliers International Group Inc.

The burn-care product manufacturer maintains its headquarters and production facility at the Prologis-owned industrial property.
Colliers’ John Donnelly, based in the global commercial real estate services firm’s Parsippany, N.J., office, represented WATER-JEL Technologies in its initial lease at 50 Broad Street in 2011 as well as its recent re-commitment there.

WATER-JEL Technologies provides emergency burn-care products for the pre-hospital treatment of burn injuries. A world market leader, the company serves industrial, emergency medical services, fire services, sea air rescue, U.S. military, food services and Formula One motor racing clients, according to its website. It also maintains a consumer products division.

“50 Broad Street continues as an ideal location for WATER-JEL Technologies,” Donnelly noted. “The company has extensive in-place infrastructure that accommodates its sophisticated, FDA-regulated manufacturing operation. Additionally, Prologis has been highly responsive to WATER-JEL’s evolving needs, and the two organizations have a great working relationship. Prologis’ Paul Rosen and Jason Tenenbaum were an integral part of a seamless lease renewal process.”

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