CLIFTON, NJ—Tulfra Real Estate has acquired the former Glaxo Smith-Kline building at 65 Industrial Street South in Clifton. The Rochelle Park, NJ-based industrial real estate management and development company teamed with Morristown, NJ-based Hampshire Companies to acquire the 202,000-square-foot asset, which includes 28,000 square feet of new office space.
The partners, which have a decades-long relationship and have combined to develop more than three million square feet, have launched a major repositioning of the former manufacturing plant for single-tenant use, including a major project to 'raise the roof.'
Four months of demolition and structural foundation work has preceded the roof lift. Over the next four weeks, the height of the building will grow to a clear height of 27 feet.
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