New Freehold Lease, 15k

Ohio-based Hy-Tek Material Handling has taken 14,792 square feet of flex unit space in the Fairfield Corporate Park on Route 33 in Freehold, Sheldon Gross Realty announced Tuesday.

The deal was brokered by Sheldon Gross Realty’s Jonathan Glick and Matt Leonelli, who said the ability to be creative was key.

“In a real estate market with such significant supply restrictions, it’s essential to be creative in addressing a customer’s space needs,” Leonelli said. “That’s particularly true for a company like Hy-Tek, which had an unorthodox requirement that about 60% of its space be for offices.

“We were able to address this need by combining two separate units within the park. Also, Hy-Tek was already operating in central New Jersey, so this new location in Fairfield Corporate Park enabled the company to retain current employees by remaining in the area.”

Approximately a 70-minute drive both from midtown Manhattan and Metro Philadelphia, the space is near Garden State Parkway exit 37, as well as Route 9 and Interstate 195.

Sheldon Gross Realty has been Fairfield Industrial Park LLC’s exclusive representative for more than five years, signing in excess of 30 office and warehouse leases at the park.

Hy-Tek Material Handling’s said the new warehouse space will be utilized for product and component testing.

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