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Building materials supplier acquires 65,000-square-foot industrial site
KEARNY, N.J., Feb. 7, 2013 — Jones Lang LaSalle today announced that MarJam Supply Company (MarJam) has acquired the mortgages, through an affiliate, and occupancy of a 65,000-square-foot industrial site at 342 Schuyler Avenue in Kearny. Situated on approximately five acres, the three-building complex provides a strategic location for the New Jersey operations of the distributor of acoustics and drywall, lumber, plywood and other building materials.Jones Lang LaSalle Vice President Dean Brody represented MarJam, which is relocating from Newark. “For three years, MarJam has sought a space that meets its very specific operational needs, and this site is a great fit because of its structural amenities,” Brody said. “Additionally, the property provides a choice location, offering easy access to Jersey City and New York City, both of which are key MarJam markets.”Built in 1960, 342 Schuyler Avenue offers excellent access to Route 280 as well as the New Jersey Turnpike. The buildings situated on the property include a 40,000-square-foot warehouse, a 20,000-square-foot maintenance garage and a 4,500-square-foot office building. The warehouse features an 18-foot-clear height and four grade-level drive-in doors. The set up of the property is conducive to MarJam’s operations, which require ample parking for employees and heavy-duty machinery. Since its founding in 1979, MarJam has experienced continuous and sustained growth. MarJam now operates 31 "super centers" in 12 states that serve the entire East Coast, and is one of the most respected businesses in the United States’ competitive construction supply industry.In New Jersey, Jones Lang LaSalle is a leader in commercial real estate brokerage, project management and investment sales. Employing more than 600 of the region’s most respected industry experts, the firm offers Office and Industrial Brokerage, Tenant and Landlord Representation, Project and Development Services, Property Management, and Capital Markets services to its clients in New Jersey. The operations also serve as the local service provider for the firm’s global and national corporate clients that have a presence in New Jersey.For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page. Bookmark it here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
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