JERSEY CITY-Two new tenants have signed on for a combined total of 262,000 sf of industrial space, effectively filling the W/D building at 2 Colony Rd. here. The asset is owned by Rreef, and both transactions were arranged by brokers from CB Richard Ellis.

In the larger of the two signings, paper distributor Interglobo Morro has taken 165,000 sf in a move that will consolidate three locations, including the company's headquarters in New York City's Empire State Building. CBRE vice president Nicholas Nitti and VPs Matthew Corpuel and Jeffrey Kilimnick represented the tenant, while SVP William Waxman and senior associate Carrie Brown represented Rreef.

And Falcon Foods has taken the final 97,000 sf at the Rreef building, with the Miami-based company utilizing the space as a regional distribution center. CBRE's Waxman, Nitti, Corpuel and Brown all represented the landlord. Terms of the two signings were not released, but comparable space in the immediate submarket is being listed with an asking price of $5.50 to $6 a foot.

"The two companies ultimately chose this property due to its rail access and location in the port market," Nitti says. "We anticipate increased activity among both sectors in the near future, especially coming from New York. The food industry in particular continues to be one of the strongest drivers of the local industrial market."