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.’

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