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SOUTH BRUNSWICK, NJ-Titan Fastener Products Inc. has leased 46,000 sf at 114 Melrich Rd. here, in the process relocating its Northeast distribution operations from New Bedford, MA. A family-owned company based in Brunswick, GA, Titan’s customer base includes fastener and industrial distributors throughout the US. The long-term lease follows the company’s recent acquisition of a rival company.

“The company continues to increase its market share and its distribution requirements have grown commensurate with its business,” says Tom Walrich of the Dallas-based Banner Commercial, who represented Titan.

The 471,128-sf 114 Melrich Rd. is part of a two-building industrial complex in the NJ Turnpike Exit 8A submarket. Jason Goldman, Frank Caccavo and Andrew Siemsen of Cushman & Wakefield of NJ have the leasing exclusive for the complex, and the Titan lease, combined with a recent 21,280-sf lease signed by D. Robbins, a magic products wholesaler, brings the property to full occupancy.

The identity of the owner and terms of the transaction were not released. However, a recent market report puts the property in the hands of Crow Holdings. The same report listed available space with an asking price of between $5.15 and $5.75 per sf, and two other recent leases were listed as having been signed at $4.75 per sf, one of them triple-net.

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