12 Daniel Road in Fairfield — Courtesy: CBRE
By Joshua Burd
An investment firm has acquired a 100,000-square-foot industrial building in Fairfield as part of a sale-leaseback agreement with a manufacturer at the property.
Brokers with CBRE announced Tuesday that it represented EverWest Real Estate Investors LLC in its purchase of 12 Daniel Road, which sits on five acres just off Passaic Avenue. The seller, Unifoil Corp., makes customized laminating, coating and metallizing technology and will continue to occupy the property through a long-term lease.
CBRE’s William Waxman, Kevin Dudley, David Gheriani and Gil Medina completed the assignment.
“We are seeing more of these transactions as owner occupants take advantage of the record-breaking industrial real estate market,” said Waxman, executive vice president with CBRE. “The institutionalization of New Jersey real estate will continue into the near future.”
Built in 1988, 12 Daniel Road includes 27,000 square feet of office space, parking for 188 cars and its proximity to Interstate 80 and Route 46.
