Commercial development firm Denholtz Associates recently held a ribbon cutting ceremony officially opening a 75,000-square-foot industrial building alongside Bytech International and members of the Franklin Township administration.
The property, located at 655 Howard Ave., will serve as a distribution point for Bytech International, an electronic accessories distributor.
“Since day one, Denholtz Associates has recognized the importance of an investment strategy built around responsible, community-focused investments,” Steven Denholtz, CEO of Denholtz Associates, said. “We have always sought to bring value back to our local communities through our projects and 655 Howard Ave. is no different. The project shows how an investment firm and municipality can work together on an adaptive reuse project that is truly a win-win proposition for everyone involved.”
The property was previously occupied by Acme Tube Co. Denholtz said Acme Tube left it to deteriorate for 15 years, which made it possible for the developer to take ownership and invest $1.5 million into rehabbing the property.
Denholtz’s rehabilitation of the building included a new roof, heating, lighting, landscaping and parking lot, to name a few.
“655 Howard Ave. is a perfect distillation of the Denholtz investment strategy; finding projects that present an opportunity to unlock value where many others do not see it and leveraging our significant in-house capabilities to execute them,” Steve Cassidy, President of Denholtz Associates said. “This strategy has guided our company for over 65 years and will continue to guide us as we search for opportunities that enable us to deliver superior, risk-adjusted returns to our investors and meaningful projects to local communities.”