670 Passaic Ave. in West Caldwell — Courtesy: Tulfra Real Estate
By Joshua Burd
A binder manufacturer is moving to a newly renovated industrial building in West Caldwell as part of a newly announced, 68,000-square-foot lease with Tulfra Real Estate.
The investment and development firm said the user, Case-It, has inked a 15-year lease at 670 Passaic Ave. The company and its 40 employees are relocating from Lyndhurst to the 108,000-square-foot West Caldwell property, as part of an expansion that required a larger space.
The school and office supply company manufactures, markets and distributes binders, file folders, padfolios and binder accessories. It has been in business for four decades.
“Some of the world’s largest retailers like Walmart, Target and Amazon carry Case-It binders,” said Sonny Jumani, president and managing partner of Rochelle Park-based Tulfra. “670 Passaic Avenue turned out to be the perfect fit because of its size and its location.”
Tulfra acquired the property from an Arizona-based investment group in August 2015, according to a news release. Shortly thereafter, the firm retrofitted and upgraded the building to enhance value and attract better-quality tenants, resulting in new warehouse and light industrial space, including 5,000 square feet for office space, 16- to 21-foot ceiling heights, 122 parking spaces and dedicated space for loading and unloading goods.
The building offers easy access to several major roads, including Bloomfield Avenue, Route 46 and interstates 280, 287 and 80, the news release said. The site is about 16 miles east of Case-It’s now-former location, Tulfra said, noting that the company needed a larger facility that could handle a steady flow of imported goods.
“670 Passaic Avenue’s excellent access to highways and major thoroughfares makes this location a superb fit for Case-It,” Jumani said. “The building is easily accessible from all directions.”
Tulfra has also started construction on a 760-unit self-storage facility located in the building’s remaining 41,000 square feet. CubeSmart will manage the facility.
“Our team’s rehabilitation efforts transformed this empty building into a desirable flex space,” Jumani said. “We are delighted that this asset has been put to good use.”