Avison Young news: Find out the latest industry happenings

Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.

Avison Young arranges new 27,381-square-foot lease for Restaurant Technologies at Ridge Crossing Industrial Park

Avison Young arranges new 27,381-square-foot lease for Restaurant Technologies at Ridge Crossing Industrial Park January 25, 2022

Advanced kitchen automation services provider expands with new Kearny depot

Morristown, NJ Avison Young announced today that its New Jersey office has arranged a new 27,381-square-foot lease for Restaurant Technologies at Ridge Crossing Industrial Park in Kearny, NJ. As the leading provider of cooking oil management and back-of-house cleaning solutions, Restaurant Technologies will utilize its new location at 590 Belleville Turnpike as its regional depot to service the Northern New Jersey and the New York Metro areas.

Avison Young New Jersey-based Senior Vice Presidents Timothy Cadigan and Matthew Turse and New Jersey-based Associate Grant Otto in collaboration with Minneapolis-based Principal Mark Evenson and Minneapolis-based Vice President Chas Simcox represented Restaurant Technologies in the negotiations. The landlord, Ride Crossing 6-2 Urban Renewal LLC, was represented by Steve Elman of Cushman & Wakefield.

“Through the combined efforts of the Avison Young Minnesota office’s long-standing relationship with Restaurant Technologies and our New Jersey office’s deep understanding of the local industrial market, we were able to find a great long-term relocation option for the company in Northern New Jersey that seamlessly aligned with their expansion requirements,” said Cadigan. “Restaurant Technologies’ new lease underscores the current flight to quality trend in the market, with the company relocating from a class C to class A property.”

Headquartered in Mendota Heights, Minnesota, Restaurant Technologies has over 20 years of experience in providing advanced kitchen automation services to over 27,000 national quick and full-service restaurant chains, independent restaurants, grocery delis, hotels, casinos, convenience stores, universities and hospitals. With over 40 depots across the country, Restaurant Technologies helps foodservice operators make their kitchens safer, smarter, more efficient and sustainable through its automated oil storage, handling, filtration monitoring and disposal management systems as well as its automated exhaust cleaning solutions.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.


Follow Avison Young

Twitter (News) Twitter (Deals) Blog LinkedIn YouTube Instagram