KEARNY, NJ-SG Footwear has picked up 29,000 square feet of industrial space at Everest Realty’s 4-24 Sellers St. here. CB Richard Ellis first vice presidents Scott Belfer and Lou Belfer represented the landlord, Everest Realty, in this transaction, while NAI James E. Hanson senior vice presidents Ken Lundberg and Gary Sauerborn represented the tenant.

“New Jersey's industrial market remains stable, with a recent resurgence of leasing velocity taking place within the state’s northern submarkets,” says Scott Belfer. “In this transaction, we were originally marketing the space as a sublease for Royale Linens, however, we were able to negotiate a deal and lease the space to SG Footwear for a longer term.”

The 60,000-square-foot property is near Manhattan, Newark and Port Elizabeth/Newark. It also features sully-racked capabilities and a fenced-in lot. SG Footwear will utilize the space as the company’s warehouse/distribution facility. CBRE is currently marketing the remaining 33,000 square feet of available space for lease on behalf of the landlord.