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News release

EAST RUTHERFORD, NJ

JLL Completes Leasing at 5 Thornton Road in Oakland, NJ, for CK Bergen Associates

Platinum Press inks long-term lease for remaining 47,037 SF at 151,825-SF warehouse/light manufacturing building


EAST RUTHERFORD, N.J., August 18, 2015 — JLL recently completed a new lease for building owner CK Bergen Associates at 5 Thornton Road in Oakland, N.J., with Platinum Press Inc. The pharmaceuticals printing company signed a long-term lease for 47,037 square feet at the 151,825-square foot warehouse and light manufacturing facility.

CK Bergen Associates was represented by Howard Weinberg, executive vice president, and Michael Palmeri, associate, both with JLL. The pair worked closely with Ira Bloom, director of leasing, at CK Bergen Associates. The tenant, Platinum Press, was represented by Bruce Weiner with Coldwell Banker Commercial NRT.

“The industrial facility at 5 Thornton Road was just about the perfect choice for Platinum Press,” said Weinberg. “The printing company was attracted by the building’s location within a corporate park setting surrounded by a highly educated workforce. In addition, the facility’s existing air-conditioned infrastructure was ideal for the company’s needs.”

Platinum Press signed a long-term lease for 47,037 square feet and will occupy all the remaining space at 5 Thornton Road, which is located at the intersection of Van Vooren Drive and Thornton Road. Platinum Press, headquartered in Texas, is opening its first New Jersey plant at the facility to accommodate its Garden State-based pharmaceutical clients.

A large portion of the space to be occupied by Platinum Press is fully air conditioned and offers explosion-proof storage areas. The area was designed by previous tenant Estée Lauder Inc. as a production facility to fill and package fragrance bottles for its Aramis division. The skincare, makeup and fragrance company recently vacated 5 Thornton Road after occupying the facility for more than 35 years.

The single-story 5 Thornton Road offers 22-foot ceiling heights, six loading docks and 174 parking spaces, an on-site back-up generator and a fully gated, state-of-the-art security system.

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 730 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. JLL’s New Jersey operations were honored by NJBiz magazine as one of its 2015 Best Places to Work in New Jersey.

About JLL
JLL (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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.