In the largest deal, Graybar signed for 136,250 square feet ofindustrial space at iPort 12, a 1.2-million-square-foot Panattonidevelopment at 8001 Industrial Ave. in Carteret. The facility isadjacent to Exit 12 of the New Jersey Turnpike. and within 10minutes of Newark International Airport, as well as the Ports ofNewark and Elizabeth. Graybar stands to benefit from the site'sdesignation as an Urban Enterprise Zone and Foreign Trade Zoneincentives.

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In Edison, the firm inked an 8,692-square-foot office deal at105 Fieldcrest Ave. within Raritan Plaza III, which is owned by theSilverman Group. The 176,000-square-foot building offers quickaccess to several major thoroughfares in the area, including theGarden State Parkway, New Jersey Turnpike and Interstate-287.

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In Garden City, NY, Graybar took 10,814 square feet of officespace at 401 Franklin Ave. The 116,908-square-foot building is partof the Engel Burman Group's portfolio.Jonathan Stravitz, directorof investment and corporate services at locally based NAI Hanson,represented Graybar in all three deals.

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He relates that Graybar scouted more than 50 locations in theirtwo-year search. "Due to the difficult economic times, the deal wasput on hold last year," Stravitz says. "Several months later thedeal was resurrected because of lower market rents. Graybarexercised extremely good judgment when they decided to move forwardduring this downturn to take advantage of the economic conditionsin the marketplace."

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A spokesperson for NAI Hanson tells GlobeSt.com that the firm isnot disclosing the rental rates of the deals, or the currentoccupancy of the buildings. Research from Colliers Houston &Co. found that industrial rents in the Exit 12 submarket stood$6.12 a square foot in Q2.

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Nathan M. Demetsky, Lawrence Maister and Paul Torosian ofCushman & Wakefield represented Panattoni in the Carterettransaction. Robert Dinner of Cushman & Wakefield spoke for theSilverman Group at Raritan Plaza III, and Ted Trias and GusNuzzolese of Sutton & Edwards Inc. negotiated for the EngelBurman Group in the Garden City lease. Graybar, a Fortune500 company, is one of the largest employee companies in NorthAmerica.

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