Pantheon Properties negotiates long term lease agreement with Thyssen Krupp
By Mel Fabrikant Thursday, December 20, 2007, 08:23 AM EST
Pantheon Serves as Third-Party Broker On Behalf of the R.S. Knapp-owned Property
Pantheon Properties today announced the company's Real Estate Brokerage Division recently served as a third-party broker on behalf of R.S. Knapp for an industrial property located at 1000 Wall Street West in Lyndhurst, New Jersey. A long-term lease for the 16,185 square foot industrial space, which features multiple loading docks and a unique 28-foot ceiling height, was signed with well-known industry leader, Thyssen Krupp Elevator Company. Thyssen was represented in the transaction by Cushman & Wakefield.
"In our brokerage effort, we targeted a strong and committed company to occupy this highly-advantageous space," said Zack Hitchcock, a Vice President for Pantheon Properties who oversees the company's portfolio of properties as well as the daily operations of its property brokerage. "The building's uniquely high ceiling height and strategic Lyndhurst location make it a particularly valuable industrial property. It is a perfect fit for the specific needs a company like Thyssen Krupp Elevator."
The building is owned by R.S. Knapp/ Napco, which has been serving the Architecture, Engineering, and Construction industries for over 60 years. Pantheon founder Ken Cohen has enjoyed a long-term relationship with R.S. Knapp, having brokered the sale of the building to them approximately 15 years ago.
About Pantheon
Founded in 1994, New York-based Pantheon has emerged as one of the leading full-service owner/operators of commercial, industrial, office and mixed-use properties. Pantheon is known for its diverse capabilities, which include the acquisition, management, repositioning and development of projects nationwide. In keeping with Pantheon's full-service approach, the Pantheon family of companies includes Pantheon Properties (property development, management and brokerage) Pantheon Financial (merchant bank and debt financing) and Pantheon Construction (construction management and contracting). For more information visit Pantheon's website; www.pantheonproperties.com.
Pantheon Properties today announced the company's Real Estate Brokerage Division recently served as a third-party broker on behalf of R.S. Knapp for an industrial property located at 1000 Wall Street West in Lyndhurst, New Jersey. A long-term lease for the 16,185 square foot industrial space, which features multiple loading docks and a unique 28-foot ceiling height, was signed with well-known industry leader, Thyssen Krupp Elevator Company. Thyssen was represented in the transaction by Cushman & Wakefield.
"In our brokerage effort, we targeted a strong and committed company to occupy this highly-advantageous space," said Zack Hitchcock, a Vice President for Pantheon Properties who oversees the company's portfolio of properties as well as the daily operations of its property brokerage. "The building's uniquely high ceiling height and strategic Lyndhurst location make it a particularly valuable industrial property. It is a perfect fit for the specific needs a company like Thyssen Krupp Elevator."
The building is owned by R.S. Knapp/ Napco, which has been serving the Architecture, Engineering, and Construction industries for over 60 years. Pantheon founder Ken Cohen has enjoyed a long-term relationship with R.S. Knapp, having brokered the sale of the building to them approximately 15 years ago.
About Pantheon
Founded in 1994, New York-based Pantheon has emerged as one of the leading full-service owner/operators of commercial, industrial, office and mixed-use properties. Pantheon is known for its diverse capabilities, which include the acquisition, management, repositioning and development of projects nationwide. In keeping with Pantheon's full-service approach, the Pantheon family of companies includes Pantheon Properties (property development, management and brokerage) Pantheon Financial (merchant bank and debt financing) and Pantheon Construction (construction management and contracting). For more information visit Pantheon's website; www.pantheonproperties.com.
