The Teterboro-based commercial real estate firm said Kenneth Lundberg and Patrick Lennon represented the tenant, Vertex, in the deal with the landlord, Summit Associates.
Vertex, an Attleboro, Massachusetts-based distributor of industrial fasteners, took over 20,089 square feet at 120 Fieldcrest Ave. to meet its warehousing and distribution needs, NAI Hanson said.
The property is a 106,000-square-foot industrial building situated on 6.64 acres and zoned for light industrial. It features 32-foot ceilings, five loading docks and a drive-in door. Its functionality, accessibility and visibility, NAI Hanson, made it an ideal fit for Vertex’s relocation.
“Spillover from the Port market and outer-borough markets continue to drive strong leasing activity in industrial submarkets to the south, including secondary markets such as the Exit 10/12 submarket,” Lundberg said. “As demand for industrial space holds steady, companies searching for high visibility and proximity to these large international transportation hubs will continue to flock to highly accessible and functional facilities like 120 Fieldcrest Avenue to meet their warehousing and distribution needs.”
Financial and other terms were not disclosed.