2 Bell Drive in Ridgefield — Courtesy: Sitex Group
By Joshua Burd
A third-party logistics firm has leased 83,000 square feet at Sitex Group’s new industrial building in Ridgefield, Colliers International Group announced Tuesday.
Representing the tenant, KW International, Colliers said its client was expanding its footprint with the long-term deal at 2 Bell Drive. The Carson, California-based company will use the speculatively built property to serve one of its major customers.
“The search, itself, was confined to a relatively small geographic area,” said Mike Markey, executive managing director with Colliers International. “Our client needed a modern, Class A building ready for immediate occupancy and preferred new construction.
“In the current tight market, it was challenging to meet all of these requirements, but we were able to check off all the boxes at the Sitex Group property.”
Markey and Jon Tesser, who are based in Colliers’ Princeton office, along with Reid Wilbraham of the firm’s Los Angeles office, headed the transaction, according to a news release. Cushman & Wakefield’s Stephen Elman served as landlord broker.
KW International provides logistics management services domestically and internationally, the news release said. The company maintains operations in Korea, Mexico and key markets nationwide, including an additional New Jersey distribution facility in Little Ferry.
Colliers added that the timing of Sitex’s delivery of 2 Bell Drive enabled KW International to begin moving product in immediately upon execution of the lease, Markey said.