WAYNE, NJ-Colliers Houston & Co. structured the sale of an 88,435-square-foot corporate headquarter facility here for $4.7 million. In Fairfield, the firm completed a 48,100-square-foot industrial lease renewal.

In the sale deal, Colliers Houston’s SVP Howard Weinberg represented the seller, Wachovia Bank, while SBWE advised buyer Electronics Expo Inc. Located at 70 Demarest Dr., the building features 30,000 square feet of office space, 25-foot ceiling heights, multiple tailgates and ground-level loading. It is less than 15 miles from Midtown Manhattan and 25 miles from Newark Liberty International Airport with easy access to Routes 80, 46 and 23.

“In this transaction, we were able to attract a buyer that was looking to relocate to a corporate headquarters facility that offered top of the line amenities at a lower, more affordable price point,” Weinberg says. “Ultimately, we were able to reach agreeable terms for both the seller and the buyer.”

Weinberg along with senior associate Matt Turse negotiated for the landlord, Pan Realty, in the lease renewal for Amerlux at 19-21 Daniel Rd. East in Fairfield. The tenant, an architectural lighting design company, was repped by Cushman & Wakefield of New Jersey.

“Amerlux has been a tenant at this facility for the past several years, utilizing the space as engineering, assembly, storage and distribution facility for their sustainable lighting fixtures,” Weinberg relates. “The facility’s outstanding amenities, coupled with its convenient location in the heart of Essex County, as well as its competitive pricing, initially attracted Amerlux to this property and ultimately led to their decision to stay here for another lease term.”

The 48,100-square-foot industrial/flex building features more than 6,000 square feet of office space, multiple tailgate loading docks, as well as energy efficient lighting.

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