(To read more on the industrial market, click here.)
PARSIPPANY, NJ-Two industrial users have leased the previously vacant building at 181 East Halsey Rd. here bringing the 69,300-sf property to 100% occupancy. The AvalineGila Group LLC, a warehousing/logistics firm headquartered in Whippany, signed up for 48,500 sf. Filmtech, a self-adhesive tape manufacturer headquartered in Morristown, took the remaining 20,800 sf.
The new tenants fill space vacated by Mountain Gear and Titanium Industries, both locally based. Terms of the deals were not disclosed. Hackensack-based NAI James E. Hanson senior vice president Kenneth D. Lundberg and managing director of corporate services Scott K. Perkins represented the owner, Jofra Realty Corp., in both transactions.
In the Filmtech deal, the tenant was represented by Scott Peck of Resource Realty of Northern New Jersey. The 181 East Halsey Rd. property, which was built in 1980, features 23-foot ceiling and access to I-287 and other major highways.
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