60 East Halsey Road in Parsippany — Courtesy: Resource Realty of Northern New Jersey
By Joshua Burd
A fulfillment vendor for Amazon is taking nearly 70,000 square feet at a warehouse and distribution facility in Parsippany, according to Resource Realty of Northern New Jersey.
The tenant, Linemart NJ Inc., has signed a full-building, 67,430-square‐foot lease at 60 East Halsey Road as part of a transaction with Longpoint Realty Partners. Resource Realty represented both parties, noting that the commitment marks Linemart’s third facility in the area.
“With shipping containers of sporting goods and apparel set to arrive in the U.S. from overseas early August, the kink in the supply chain created an urgency to locate a suitable space,” said Resource Realty’s Scott Peck, who represented the tenant.
Tom Consiglio and Bill Pastuszak brokered the deal on behalf of Longpoint Realty Partners, which purchased the Halsey Road building in 2019 as a short‐term sale-leaseback. The firm has since rebranded the property as Halsey Logistics.
“With the explosion of e‐commerce, we make it a point to be keenly aware of facilities in the market that already are or could be made suitable for this use or other high‐tech companies,” said Consiglio, who is based in Resource Realty’s Parsippany office. “However, it is a bit unusual to have all of the pieces fall into place as they did with this deal. As it turned out, the tenant vacating the space had a lease expiration date of July 31.”
The brokerage firm also represented Linemart in 2019 when it leased its second facility, which is located in East Hanover. All three locations are within proximity to one another, allowing the company to efficiently optimize its workforce.
The Parsippany location is the former home of Kent International, a bicycle manufacturer and distributor, which sold the property to Longpoint.
“Halsey Logistics lease up strategy was realized due to the expertise and commitment of Resource Realty and Longpoint’s focus,” said Dan Frank, managing director of Longpoint Realty Partners. “The capital improvement program will bring the property to a market condition most suitable for an e‐commerce occupier like LineMart.”
