Hy-Tek Material Handling Leases 14,792 SF Industrial Space In Freehold

Hy-Tek Material Handling has recently leased 14,792 sq ft of flex unit space in Fairfield Corporate Park, Freehold. The property, located at 920-922 State Route 33, offers a spacious and flexible space for Hy-Tek's operations. The lease was facilitated by Jonathan Glick and Matt Leonelli of Sheldon Gross Realty, acting as the tenant's representatives in the deal. The asking rent for the space was $15 per square foot, aligning with the market value in Freehold.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Lease
• Square Footage: 14,792 sq ft
• Address: 920-922 State Route 33
• Market: Freehold
• Tenant: Hy-Tek Material Handling
• Brokers: Jonathan Glick & Matt Leonelli - Sheldon Gross Realty

This lease agreement allows Hy-Tek Material Handling to address their need for 60% office space. By retaining current employees in central New Jersey for product and component testing, the company can efficiently meet their operational requirements. The deal signifies Hy-Tek's commitment to optimizing their workspace and maintaining a strong presence in the Freehold market.