FORT LEE, NJ – April 25, 2008 – Metro Commercial, the region’s largest full-service retail real estate firm, announced today that is has executed the lease of a 3,000-square-foot pad site in Edison, NJ, to Investors Savings Bank. The bank is scheduled to open later this summer at 946 Amboy Avenue.
Metro Commercial’s Ira Kerner represented Investors Savings Bank in the lease transaction. “The Edison location was chosen because of the strong residential and commercial growth trends that are occurring in the area” says Kerner. “There are continued opportunities for development and redevelopment throughout Middlesex County.”
The new bank is a reflection of Edison’s effort to revitalize underutilized sites. The township recently received a $525,000 grant from the New Jersey Department of Community Affairs which will be implemented over a five-year period. The grant will be used to help transform the Amboy Avenue area.
Edison is currently one of the fastest growing towns in New Jersey. According to the U.S. 2000 Census, it was the fifth most-populated municipality in the state, after the cities of Newark, Jersey City, Paterson, and Elizabeth.
With assets of nearly $6 billion, Investors Savings Bank is New Jersey’s 4th largest independent community bank. The bank has been serving the communities of New Jersey for over 80 years with 47 full-service branches in eight counties. Investors Savings Bank is dedicated to serving the banking needs of area families, small businesses and commercial real estate clients.
The new Investors Savings Bank location is conveniently located off of I-287 South, with easy access to the New Jersey Turnpike and the Garden State Parkway.Media Contact:
Metro Commercial Real Estate
Michael Reisman
610-260-2671
mreisman (at) metrocommercial (dot) com
Metro Commercial (www.metrocommercial.com) is one of the largest full-service retail real estate firms in the region with transaction considerations exceeding $1.1 billion. Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, investment property sales and construction services. With 3 offices located in Pennsylvania and New Jersey, Metro Commercial currently represents nearly 50 national retailers and serves as the exclusive leasing agent for more than 200 properties, totaling nearly 20 million square feet.
