140 Clinton Road in Fairfield — Courtesy: Sheldon Gross Realty
By Joshua Burd
The Stro Cos. has leased 37,000 square feet of industrial space in Fairfield to a packaging company, providing the latter with a new long-term home along Route 46.
Questar, which caters to the waste industry, will occupy nearly half of the 78,500-square-foot warehouse at 140 Clinton Road. The space provides it with a location four miles from the Route 23 and Interstate 80 access ramps, Stro said, with 21-foot ceiling heights, abundant employee parking, trailer parking and high visibility from the highway.
Jack Shulman, Stro’s director of acquisitions and capital markets, said the building’s highway access and proximity to New York City makes it well-suited for so-called last-mile distribution.
“This transaction is another recent example of Fairfield’s prominence and growing importance in the northern New Jersey industrial and logistics market,” he added.
Cushman & Wakefield’s Torsten Thaler, John Wilkinson, Chuck Fern, Jason Barton, Thomas Tucci and Stephen Shoemaker represented Questar in the transaction. Shulman and Elliot Ferris, Stro’s director of leasing, handled negotiations on behalf of ownership.
“The property fulfills Questar’s immediate and longer-term needs as they deliver high-quality, sustainable packaging solutions across the full packaging life cycle,” Thaler said. “We are also grateful to have worked with the Stro team. Their outside-the-box thinking made for an all-around positive experience in facilitating this long-term relationship.”
Stro acquires 78,000 sq. ft. industrial building in Fairfield
