First Industrial's 2Q Leasing Activity in NJ Tops 322,000 SF

PINE BROOK, NJ-When all the numbers were in, the leasing activity generated by First Industrial Realty Trust during the second quarter of this year totaled a solid 322,205 sf. The Chicago-based firm, which has its New Jersey offices here, also began new construction at its Sayreville Business Center, Sayreville, NJ (see earlier story).

The largest lease transaction of the quarter was Westvaco’s 122,205-sf deal at Montville Business Center, Montville, NJ. Tom Consiglio of Resource Realty was the broker.

Other large transactions included Qualipac Corp. 29,008-sf lease in Whippany, NJ, and an additional 6,500 sf at Montville Business Center. Also, Application Specific Integrated Phonics leased 20,000 sf at 25 World’s Fair Dr. in Somerset (John Cunningham of GVA Williams of New Jersey was the broker). And Frozen Ropes, Inc. took 14,000 in Montville (Greg Sabato of GVA Williams of New Jersey was the broker).