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NAI Hanson Wires Three Graybar Electric Leases

PARSIPPANY, NJ-NAI James E. Hanson arranged three leases totaling 150,000 square feet for Graybar Electric in the New Jersey/New York City metro region.

By Maria Wood | Updated on September 16, 2009

PARSIPPANY, NJ-NAI James E. Hanson arranged three leases totaling 150,000 square feet for Graybar Electric in the New Jersey/New York region. The term for each contract is 10 years.

In the largest deal, Graybar signed for 136,250 square feet of industrial space at iPort 12, a 1.2-million-square-foot Panattoni development at 8001 Industrial Ave. in Carteret. The facility is adjacent to Exit 12 of the New Jersey Turnpike. and within 10 minutes of Newark International Airport, as well as the Ports of Newark and Elizabeth. Graybar stands to benefit from the site’s designation as an Urban Enterprise Zone and Foreign Trade Zone incentives.

In Edison, the firm inked an 8,692-square-foot office deal at 105 Fieldcrest Ave. within Raritan Plaza III, which is owned by the Silverman Group. The 176,000-square-foot building offers quick access to several major thoroughfares in the area, including the Garden State Parkway, New Jersey Turnpike and Interstate-287.

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