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SLB Puts NJ Facility into Institutional Hands
CBRE arranged the sale-leaseback of a 100,000-square-foot industrial facility at 12 Daniel Rd. in Fairfield, NJ. EverWest Real Estate Investors LLC acquired the property from Unifoil Corporation for an undisclosed sum.
The manufacturer, which specializes in customized laminating, coating and metallizing technology, will continue to occupy the property through a long-term lease.
A CBRE team of William Waxman, Kevin Dudley, David Gheriani and Gil Medina engineered the SLB on behalf of EverWest.
“We are seeing more of these transactions as owner-occupants take advantage of the record-breaking industrial real estate market,” said Waxman, an EVP with CBRE. “The institutionalization of New Jersey real estate will continue into the near future.”
Built in 1988, 12 Daniel Rd. features 27,000 square feet of office space. Situated on 4.99 acres, the facility is conveniently located near Routes 80 and 46.
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