X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

SOUTH PLAINFIELD, NJ – In a deal marking a headquarters relocation, Technick Products has acquired the 30,349-sf industrial building at 238 Saint Nicholas Ave. here for an undisclosed price. The seller of the previously vacant asset, which is situated on a 1.6-acre site in this Middlesex County community, was B&B Holdings LLC.

“They had been looking extensively for the past year and a half for a facility capable of sustaining their growing operations,” says Terry Armstrong of the Fairfield, NJ office of Grubb & Ellis, who represented Technick in the transaction. Armstrong is also currently marketing for sale Technick’s existing headquarters building at 665 Martin St. in Rahway, NJ.

Technick Products is a 22-year-old company that develops additives for the plastics and rubber industry, as well as such products as water release agents, cleaning compounds and non-halogenated flame retardants. The company has introduced its products to North American, Europe and Asia, and besides its local operations has facilities in South Korea.

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.