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.

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.

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.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.