An aerial view of 200 Central Ave. in Teterboro — Courtesy: Colliers International Group
By Joshua Burd
A logistics firm has renewed its 74,368-square-foot lease at a Teterboro industrial building, according to brokers with Colliers International Group.
The tenant, TF Final Mile, recommitted to the space at 200 Central Ave. after what Colliers said was an extensive search, according to a news release. The firm will continue to use the location to support its last-mile delivery business, which is an operating unit of TFI International.
“With rising consumer demand for same-day and next-day delivery services, TF Final Mile requires proximity and easy access to Manhattan, the five boroughs and all points in northern New Jersey,” Colliers’ Mike Markey said. “The Teterboro property — which meets both of those criteria seamlessly — ultimately provided the best location and lease situation for the company.”
Markey and Jon Tesser, who are based in the real estate services firm’s Woodbridge office, represented TF Final Mile. Ward Richmond, who is based in Colliers’ Dallas office and represents TFI International on a national basis, also collaborated on the deal.
“The global nature of business today necessitates both comprehensive advisement services and local teams to implement them,” Tesser said. “We are pleased to have supported Ward with TF Final Mile’s needs in our region.”
TFI International Inc. is a North American transportation and logistics company, operating across the United States, Canada and Mexico. The company is publicly traded on the Toronto Stock Exchange and the OTCQX marketplace in the U.S.
