CBRE announced Tuesday the sale-leaseback of an industrial facility in Fairfield.
Unifoil, CBRE said, will continue to occupy the space through its lease.
William Waxman, Kevin Dudley, David Gheriani and Gil Medina of CBRE handled the deal on behalf of EverWest Real Estate.
“We are seeing more of these transactions as owner occupants take advantage of the record-breaking industrial real estate market,” Waxman, executive vice president, said. “The institutionalization of New Jersey real estate will continue into the near future.”
The property is situated on 4.99 acres and has 27,000 square feet of office space, high ceilings and parking for 188 cars. It is within close access to routes 80 and 46.