Sometimes, a company will decide to expand its business operations into a new geographic area. Sometimes, when doing such expansions, a company will lease a property to house the expanded operations.
Recently, some commercial lease-related news has arisen in New Jersey. The news regards a Neptune-based data storage and management company. Recently, the company announced that it will be leasing some warehouse space in Hamilton and expanding its business operations into this space.
The warehouse space in question is in a former mill building. The building in question was recently renovated. The company plans to lease 10,000 square feet at this location. The company reportedly plans to move into the building in April.
The article on nj.com which reported this story did not have any details regarding the specific terms of the planned lease (such as how long the lease will be or how much the company will pay under the lease).
An official with the company has said that the warehouse space in question is well positioned to help the company serve its current and future clients and help it cover a wider geographic area.
As this recently reported matter illustrates, companies will sometimes lease a property in order to expand their business operations. Many complicated issues can arise in connection to commercial leases. How such issues are ultimately resolved can be very impactful on a business. Thus, when a company is considering leasing a commercial property or is engaged in a dispute regarding a commercial lease, it may wish to consider seeking advice from an experienced business law attorney.
Source: nj.com, "Cybergistics to lease Hamilton warehouse space," Mike Davis, Jan. 17, 2013