X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WAYNE, NJ-Team Logistics, a third-party service provider, has renewed its lease for 270,000 sf at 25 Continental Dr. here. The 525,000-sf industrial building is owned by the Secaucus, NJ-based Hartz Mountain Industries. Team Logistics will continue to use the site as a warehouse and distribution center.

The transaction was arranged for the tenant by senior vice president William Waxman, first vice president Gary Capetta, vice president Nicolas Nitti and associates Carrie Brown and Justin Stein of CB Richard Ellis. Sharing the tenant rep assignment was Sheila Sachs of the Carlstadt, NJ-based Team Resources. Hartz Mountain was represented in-house, and terms of the signing were not disclosed.

“We found, after much research, that a renewal at the current location was the best course of action for Team Logistics to take,” Waxman says. “The facility offers the right combination of office, production, warehouse and shipping space.”

Team Logistics, based in Collierville, TN, provides public warehousing and contract warehousing services to shippers and manufacturers. The company has facilities in some 15 states, and through its third-party members is represented in all 50 states.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.