120 Fieldcrest Ave. in Edison — Courtesy: NAI James E. Hanson
By Joshua Burd
An industrial fastener business has leased nearly 21,000 square feet of warehouse and distribution space in Edison, brokers with NAI James E. Hanson announced Tuesday.
In a news release, the real estate services firm said it represented Vertex Distribution in the transaction at 120 Fieldcrest Ave. The tenant is taking 20,089 square feet at the 106,000-square-foot industrial building, which is owned by Summit Associates.
NAI Hanson’s Kenneth Lundberg and Patrick Lennon completed the assignment.
“Spillover from the Port market and outer-borough markets continue to drive strong leasing activity in industrial submarkets to the south, including secondary markets such as the Exit 10/12 submarket,” Lundberg said. “As demand for industrial space holds steady, companies searching for high visibility and proximity to these large international transportation hubs will continue to flock to highly accessible and functional facilities like 120 Fieldcrest Avenue to meet their warehousing and distribution needs.”
Vertex, which is owned by Houston Wire & Cable Co., will use the space to warehouse and distribute its industrial fasteners, NAI Hanson said. Its products are used in markets such as industrial supply, water and wastewater, general manufacturing, power generation, marine and oil and gas.
The company’s new home features 32-foot ceiling heights, five loading docks and a drive-in door, NAI Hanson said. The building also provides easy access to the region’s major arteries, including Interstate 287, the Garden State Parkway and the New Jersey Turnpike.
