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WAYNE, NJ-Elevator Products Corp. has signed a long-term lease for an entire 53,380-sf building here to serve as the company’s headquarters. The facility, which is owned by Joseph L. Muscarelle, Inc., will also house the company’s manufacturing and distribution operations.

Elevator Products Corp. is a wholly-owned subsidiary of Morristown, NJ-based Schindler Elevator Co., which itself is the North American operating entity of the Swiss-based Schindler Group. Schindler Elevator employs over 6,000 people at some 245 locations.

Tom Kirczow and Zack Levy of Grubb & Ellis, Fairfield, NJ, structured the long-term lease on behalf of the tenant. The building owner was represented in-house by John Muscarelle. According to Elevator Products Corp. officials, the Wayne site won out over several other North Jersey locations because of its accessibility and adaptability for their operations.

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