Coldwell Banker Commercial Island Corporate Services Wins 300,000 SF Industrial Property Management Assignment
Coldwell Banker Commercial Island Corporate Services ("CBCICS") has been appointed Managing Agent for a portfolio that includes two high quality industrial properties located in the City of Clifton, Passaic County, New Jersey. CBCICS will provide a full scope of property management services for a California based investment group. The Clifton Portfolio is comprised of two multi-tenant industrial buildings totaling 288,469 square feet (10 Clifton – 144,005 square feet and 200 Clifton – 144,464 square feet) which were redeveloped in 2004. The extensive capital improvement program was highlighted by new roofs, HVAC, loading, façade, extensive site work and landscaping. The redevelopment strategy focused on creating attractive curb appeal along with flexibility and functionality of the buildings to target 5,000 to 25,000 square foot tenants. The portfolio is presently 100% occupied.
The CBCICS property management team is based in Islandia, NY and is lead by Lee Rosner, Managing Principal of the firm, along with a seasoned group of property management and accounting professionals. CBCICS presently manages over 750,000 SF of commercial property in the New York Metro region.