Resource Realty of Northern New Jersey (RRNNJ) has successfully negotiated a 173,475-square-foot industrial lease at the newly constructed Spring Brook Commerce Center on behalf of Amazing Savings.
The long-term lease commitment at 128 Iron Mountain Rd. in Mine Hill marks a pivotal operational expansion for the retailer, which was seeking a more efficient footprint.
The transaction was led by the RRNNJ executive brokerage team of principals Tom Consiglio and Scott Peck, who represented Amazing Savings.
The landlord is Brookfield Properties, represented by Lee & Associates’ Drew Maffey along with Rick Marchisio, Will Ziegler, Joseph Komitor and Matt Esposito.
Ultimately, Brookfield’s newly developed Spring Brook Commerce Center in the desirable Morris County submarket is situated on 36 acres. It boasts immediate highway access, located just 0.5 miles from Route 46, five miles from Route 80, and seven miles from Route 10.
This central hub enables Amazing Savings to service the entire tri-state region, sitting just 37 miles from Newark Liberty International Airport, 40 miles from Port Newark and 43 miles from Manhattan.
A critical structural advantage of the leased space, which is part of a 393,335-square-foot state-of-the-art building that is 100% LEED Certified, is its specifications and advanced environmental efficiency, according to a release.
Brookfield Properties has a corporate commitment to achieve net-zero carbon emissions by 2050. The building’s highly sustainable design delivers up to a 75 percent reduction in utility costs.
It has a 1,070-foot-by-350-foot footprint and eight-inch concrete floors.
Amazing Savings is investing significant capital into the space, which will feature a state-of-the-art Very Narrow Aisle (VNA) racking system to drastically maximize its pallet positions.
