Industrial users of all sizes are either relocating or expanding into New Jersey from the boroughs of New York City. Here is a sampling of other deals from the past year:
VIRGINIA DARE EXTRACT CO. INC.
ADDRESS: 900 Federal Blvd., Carteret (pictured above)
SIZE: 206,500 square feet
ABOUT THE DEAL: Under a lease with Bridge Development Partners, the company is relocating its production and distribution activities from the Greenwood section of Brooklyn. It is doing so with the help of a $7.8 million, 10-year tax credit from the state Economic Development Authority.
MANHATTAN RANGE ROVER
ADDRESS: 77 Metro Way, Secaucus
SIZE: 154,830 square feet
ABOUT THE DEAL: The luxury auto dealership will use the space to store and prepare new vehicles before placing them on lots around the region, allowing it to consolidate what had been a group of scattered lots around the region.
TRANS-PACKERS SERVICES CORP.
ADDRESS: 4100 New Brunswick Ave., Piscataway
SIZE: 95,483 square feet
ABOUT THE DEAL: The owners of Trans-Packers Services Corp. acquired the building for $7.85 million and are relocating their packaging operation from Brooklyn. The company, which was represented by Bussel Realty Corp., is doing so with the assistance of the state Economic Development Authority.
MONTIQUE INTERNATIONAL INC.
ADDRESS: 65 Euclid Ave., Newark
SIZE: 13,560 square feet
ABOUT THE DEAL: The luxury apparel company is relocating to Newark from Brooklyn after acquiring the Euclid Avenue industrial building, following a deal brokered by NAI James E. Hanson.
PACKAGING PRODUCTS INC.
ADDRESS: 482 Barell Ave., Carlstadt
SIZE: 36,652 square feet
ABOUT THE DEAL: The paper, foodservice and janitorial product supplier relocated from Brooklyn to the property after seeking a new location for its warehouse. NAI James E. Hanson represented the owner, Sitex Group, while Jeff Chaus of Chaus Realty represented the tenant.
SNACK INNOVATIONS
ADDRESS: 41 Ethel Road West, Edison
SIZE: 35,316 square feet
ABOUT THE DEAL: The company, which is relocating from Brooklyn, acquired the property earlier this year for about $4.1 million and will use it to manufacture and distribute its snack and healthy foods to the New York metro region. Bussel Realty Corp. represented the seller.
Photos courtesy of Hartz Mountain Industries, Bussel Realty Corp. and NAI James E. Hanson
