Alfred Sanzari Enterprises Negotiates 79,466-Square-Foot Renewal at Norwood, N.J. Industrial Building
Alfred Sanzari Enterprises announces it has negotiated a lease renewal with Phoenix Aromas & Essential Oils for a 79,466-square-foot industrial space at 355 Chestnut Street in Norwood, N.J. Alfred Sanzari Enterprises was represented by Steve Jennings, Vice President, Leasing and Marketing at Alfred Sanzari Enterprises and the tenant was represented by Mitch Helfman of MRH Real Estate Services in the transaction.
Developed by Alfred Sanzari Enterprises, 355 Chestnut Street is a 79,466-square-foot industrial building featuring six loading docks and 20’ clear ceiling heights. The building is well-located with proximity to the Palisades Interstate Parkway and New York State Thruway and is easily accessible to the Garden State Parkway, and Interstate 287 as well as the George Washington Bridge and the Governor Mario M. Cuomo Bridge. Additionally, the building is within walking distance to a variety of dining options.
A leader in the essential oils and aroma chemical industry for over two decades, Phoenix Aromas & Essential Oils has grown substantially during its time headquartered at 355 Chestnut Street. Beginning with 24,391 square feet in 2001, the company’s expansion of its offices, product labs and warehouse/distribution centers has enabled it to triple its space at the building.
“355 Chestnut has continuously reinforced its status as an in-demand building that has not only attracted quality tenants but has retained them for decades,” said Jennings. “We wish Phoenix Aromas & Essential Oils continued growth and success for many years to come as they enter their 21st year of business within the Alfred Sanzari Enterprises’ Norwood portfolio.”
“Having spent the past two decades supplying customers with the highest quality fragrances, ingredients, and flavors available, we are thrilled to be able to expand within our longtime home of 355 Chestnut,” said Jean-Paul Benveniste, CEO of Phoenix Aromas & Essential Oils. “This property has facilitated the tremendous success of our business, and we truly look forward to continuing to headquarter our company at the building as we execute our long-term growth plans.”
