EverWest Real Estate Acquires Fairfield Industrial Building in Sale-Leaseback
EverWest purchased the property and secured a long-term lease agreement with the laminating, coating and metallizing technology at the building located at 12 Daniel Road.
FAIRFIFELD, NJ—EverWest Real Estate Investors, LLC of Denver has acquired a 100,000-square-foot industrial building here in a sale-leaseback transaction with Unifoil Corp.
EverWest purchased the property and secured a long-term lease agreement with the laminating, coating and metal technology firm at the building located at 12 Daniel Road. The property is located on 4.99 acres and is near Routes 80 and 46.
No financial terms of the transaction were released.
William Waxman, Kevin Dudley, David Gheriani and Gil Medina of CBRE brokered the sale-leaseback transaction on behalf of EverWest Real Estate Investors.
“We are seeing more of these transactions as owner occupants take advantage of the record-breaking industrial real estate market,” CBRE EVP Waxman says. “The institutionalization of New Jersey real estate will continue into the near future.”
Built in 1988, 12 Daniel Road features 27,000 square feet of office space, ample power, excellent ceiling heights and parking for 188 cars.
In September, EverWest Real Estate in partnership with Chilean-based fund manager Frontal Trust, entered the Seattle office market with the acquisition of the Olympic Block office building.