Colliers Inks 109,410-SF Lease Renewal for WATER-JEL Technologies

CARLSTADT, N.J., Dec. 14, 2016 - WATER-JEL Technologies has renewed its 109,410-square-foot lease at 50 Broad Street in Carlstadt, in a long-term transaction brokered by Colliers International Group Inc. (NASDAQ: CIGI, TSX: CIG). The burn-care product manufacturer maintains its headquarters and production facility at the Prologis-owned industrial property.

Colliers' John Donnelly, based in the global commercial real estate services firm's Parsippany, N.J., office, represented WATER-JEL Technologies in its initial lease at 50 Broad Street in 2011 as well as its recent re-commitment there.

WATER-JEL Technologies provides emergency burn-care products for the pre-hospital treatment of burn injuries. A world market leader, the company serves industrial, emergency medical services, fire services, sea air rescue, U.S. military, food services and Formula One motor racing clients, according to its website. It also maintains a consumer products division.

"50 Broad Street continues as an ideal location for WATER-JEL Technologies," Donnelly noted. "The company has extensive in-place infrastructure that accommodates its sophisticated, FDA-regulated manufacturing operation. Additionally, Prologis has been highly responsive to WATER-JEL's evolving needs, and the two organizations have a great working relationship. Prologis' Paul Rosen and Jason Tenenbaum were an integral part of a seamless lease renewal process."

-- End --

About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals' Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in New York, follow @Colliers_NYC and Twitter.

For further information, please contact:

Evelyn Weiss Francisco, Vice President
Caryl Communications
Phone: 201-796-7788
Email: evelyn@caryl.com