The History of Sudler Companies
Recent Eastern European immigrant, Hyman Sudler founds a general contracting firm and quickly builds a reputation building restaurant spaces in the Newark, NJ area. The business would sustain the family through the Great Depression.
Having weathered the depression, Hyman Sudler establishes a relationship with Montgomery Ward and begins constructing warehouses for the company in 14 different states. Warehouse and distribution facilities would later become one of the most important sectors in Sudler’s portfolio.
The Second Generation
After spending five years constructing air strips for the U.S. Navy in the South Pacific, Hyman’s son Samuel returns home and joins the company.
Hyman and Samuel enhance the Company’s direction by becoming owners of the properties they construct. Among their first tenants are New Jersey Bell and Montgomery Ward.
Reflecting the growth of United States interstate system as well as the Garden State Parkway and other major roadways, Sudler begins constructing well-located business and industrial parks. Among its first is Corporate Park Lakewood at Exit 88/89 of the Garden State Parkway. Today, the park encompasses 30 buildings, totaling 1,500,000 square feet and 250 acres.
Work begins on Sudler’s second major mixed-use development, Corporate Park Mid-Monmouth, located at the Garden State Parkway’s Exit 105 in Tinton Falls. The mixed use development today consists of 600,000 sq. ft. of Class A office, warehouse and flex space as well as 23 acres of developable land.
I-287 Feeds Growth
With sections of I-287 under phased construction, Sudler begins construction on Corporate Park 287 in Piscataway, NJ. Straddled by two I-287 interchanges, the master planned 2.5 million sq. ft. development features office, warehouse and data space with convenient access to I-287, I-95/NJ Turnpike and the Garden State Parkway. Current tenants include Verizon, American Express and Nomura Securities.
Sudler completes construction of 1 Continental Drive at its Corporate Park Cranbury for Continental Insurance who would use the space as its headquarters for the term of its 20-year lease. At the conclusion of the lease, Sudler would own the property free and clear. The building has been converted to warehouse and distribution space and is now known as 300 Prospect Plains Road.
Tenancies Reflect Emerging Business Sectors
Sudler completes construction of 20 Corporate Place South at its Corporate Park 287 for Digital Equipment Corporation, a hardware manufacturer for the scientific and engineering fields.
With the Port of New York and New Jersey experiencing dramatic growth, Sudler constructs warehouse facilities for Ford Motor Company and Tommy Hilfiger at its Corporate Park Cranbury. The park’s location at Exit 8A of the New Jersey Turnpike is ideal for distribution up and down the east coast and provides access to the port. Sudler is also expanding their Corporate Park in Cranbury, New Jersey with new distribution and warehouse space.
On the cusp of a protracted economic recession, Sudler takes a proactive stance, securing long-term renewals from tenants and making improvements to under-performing properties. That strategy, combined with the Company’s strong equity position, would reward the company with minimal vacancy and major post-recession leases, including several at Corporate Park 287 in Piscataway, one of the hardest hit sub-markets.
Seeing a turn in economic recovery on the horizon, Sudler commences speculative construction on 1001 New Hampshire Avenue at its Corporate Park Lakewood. The speculative activity is amongst the first in the state since prior to 2008. The building is currently fully leased with yet a second speculative property underway.
Sudler engages in further speculative management and approval for continued expansion of portfolio. With their Cranbury, NJ location, Sudler is expanding the Corporate Park with new distribution and warehouse space.
Sudler commences the most significant adaptive re-use project converting office use into a warehouse/distribution by demolishing a 500,000 square foot office building that was once headquarters to major insurance companies. The move signals the evolving economic direction in New Jersey.
Fourth Generation of Sudlers
Consistent with the company’s legacy, the fourth generation of Sudler family management has taken an active role in the operations of the company, with Peter Sudler’s sons Brian Sudler and Dan Sudler joining the company in 2018 and 2019, respectively.