NAI Fennelone of the independent full-service commercial real estate providers in New Jersey and Pennsylvania, has agreed to sell a light industry building of 27,863 square feet in 22 Abeel Road in the city of Monroe for $ 3.8 million.
Jerry Fennelly of NAI Fennelly, SIOR and Matt Fennelly represented the seller, Sima Seikion sale before Aplomb Technologies.
The two-story light industry building has 19,512 square feet of office space and 8,351 square feet of storage space with one back door and one porch.
The property is located in Einstein Alleya private nonprofit economic development initiative located in Central New Jersey that focuses on fostering knowledge-based jobs and creating a hub for the workforce of the future.
Shima Seiki, a manufacturer of computerized flat knitting machines and systems design, has been building and occupying the building as headquarters on the East Coast for 36 years. However, when the needs of their business changed, they sought to relocate their headquarters to the West Coast and use the smaller facility for their Northeast operations.
Aplomb Technologies is a provider of IT solutions for companies in the IT, finance, telecommunications, healthcare, retail, manufacturing, insurance and media sectors.
Shima Seiki also sought the services of NAI Fennelly to secure a new, smaller market place. NAI Fennelly has agreed to rent a flexible space of 5,000 square feet in the Stouts Business Park at 45 Stouts Lane in the Monmouth Junction section of South Brunswick, which will serve the company’s customers across the Northeast.