By Joshua Burd
A metal service center and distribution network in Parsippany has signed a lease renewal for more than 85,000 square feet, brokers with CBRE announced Tuesday.
The global operator, Wieland Metal Services, uses the site at 150 Lackawanna Ave. as its base of operations for the Northeast. It will continue to occupy the entire 85,100-square-foot building under a deal with FAO Realty LLC, the landlord, offering what CBRE said was the most extensive selection of metal products in the industry.
The Saddle Brook-based CBRE team of Thomas Mallaney and Denise Kokulak represented the tenant. Scott Perkins of NAI James E. Hanson represented the owner of the 51-year-old industrial property, which is within a 30-minute drive of Newark Liberty International Airport and Port Newark-Elizabeth.
“We worked closely with our colleagues from CBRE’s suburban Chicago office and reviewed several space options in the market that would fit our client’s specific requirements,” Mallaney said. “After a targeted analysis Wieland elected to remain at 150 Lackawanna for a long-term leasehold and improve the existing space to better facilitate their occupancy.”
