CLIFTON, NJ—Tulfra Real Estate has topped out 65 Industrial Street South in Clifton, NJ,raising the roof to a 27-foot clear height as part of as a $10 million upgrade of the headquarters-quality industrial building.

Tulfra recently acquired the former Glaxo building with the goal of repositioning the prime, well-located property for single-tenant use. The 202,000-square-foot building also includes 28,000 square feet of built-out office space. 

“The significant built-out office component enhances 65 Industrial Street South's appeal as an industrial headquarters,” says Lloyd Tulp, managing member of Tulfra. “The site is ideal for food manufacturing and distribution, as well as technology and related manufacturing. Topping out the building to the new clear ceiling height is an important step in the process of re-tenanting the site.”

Built in 1956, the class A, single-story building previously underwent renovations in 2014. It occupies 11 acres and has access to Route 3, the New Jersey Turnpike and Garden State Parkway. The Lincoln Tunnel, providing access to New York City, is just 12 miles away. Its infrastructure includes five MW of power, with a PSEG substation nearby, as well as 16 loading docks and 200 parking spaces.

“We will also be adding new exterior skin and a full range of contemporary amenities as part of that repositioning,” says Sonny Jumani, president and partner of Tulfra Real Estate. “The project will make the property extremely functional and appealing in a Meadowlands submarket with very little competition for facilities in that size range.”

“The New Jersey industrial real estate market remains exceptionally strong, and we saw this acquisition and repositioning as an important opportunity,” says Tulp. “We are currently marketing 65 Industrial Street South for lease or sale, and anticipate substantial interest in this availability.”