102 Iron Mountain Road in Mine Hill — Courtesy: Resource Realty of Northern New Jersey
By Joshua Burd
A third-party logistics firm has expanded in Morris County by nearly 14,000 square feet, in the largest of several recent deals by Resource Realty of Northern New Jersey.
According to the brokerage team, the transaction at 102 Iron Mountain Road in Mine Hill highlights the sector’s ongoing need for larger footprints to manage inventory and distribution. It also reflects the sustained appeal of the region’s warehouse inventory, RRNNJ’s Brian Wilson said, having represented the landlord in the 13,660-square-foot expansion.
“Morris County continues to be a crucial corridor for companies due to its exceptional highway interchange access and highly skilled labor pool,” said Wilson, a principal with the Parsippany-based firm. “The market’s diverse product classes — which cater to a range of uses including corporate operations, automotive, manufacturing and niche logistics — mean that businesses no longer have to compromise. They can secure well-maintained, managed and strongly occupied options, proving that operational efficiency, not a lack of prestige, is the guiding priority in today’s environment.”
In another recent deal, RRNNJ Principal Scott Peck represented an undisclosed tenant in a new 9,780-square-foot warehouse lease at 426 Sand Shore Road in Mount Olive.
“The demand for quality warehouse product, particularly the light industrial spaces favored for their smaller-format floorplans, remains intense and persistent,” Peck said. “By efficiently navigating the low-vacancy environment, Resource Realty ensured the client secured a property that met their operational needs without significant disruption. We expect this high level of demand to remain persistent.”
Wilson, meantime, represented both parties in a 4,610-square-foot office expansion for TEAM Behavioral Consultants at 4 Gold Mine Road in the Flanders section of Mount Olive.
“While the industrial market grabs headlines, the flex and office sectors continue to demonstrate the appeal of well-maintained, strategically located suburban properties,” he said. “This activity is a testament to stable asset ownership and the consistent need for physical office locations, especially for client-facing professional services firms.”
