Resource Realty of Northern New Jersey (RRNNJ) said this week that it has completed two industrial transactions in Flanders and Randolph.
The leasing transactions, totaling nearly 20,000 square feet, underscore the continued demand for high-utility industrial space in the greater northern New Jersey market.
“Whether it is a global tech firm or a staple local service provider, the demand for well-maintained, accessible space remains urgent,” said Brian Wilson, RRNNJ principal. “Our role is to bridge the gap between these diverse business needs and the evolving landscape of the I-80 corridor.”
In the largest of the two separate transactions, Wilson and Principal Scott Peck secured a 17,000-square-foot lease for two units at 1 Goldmine Road in Flanders. The brokerage team represented both the unnamed landlord and tenant, Powersoft. A global leader in professional audio technology, the company values the proximity of the space to major freight arteries and its ability to support both technical operations and logistical requirements.
The Goldmine Road facility is a prime example of “flex-industrial” demand that has become the backbone of the region’s economy. By securing a tenant like Powersoft, RRNNJ continues to try and match sophisticated global brands with the specialized infrastructure found within the desirable I-80 corridor.
Wilson also orchestrated the lease renewal of TLC, a lawn services company, at 7 Middlebury Road, in Randolph. Wilson represented both the owner and the tenant in securing the 2,500-square-foot unit, which highlights the critical importance of small-to-mid-size industrial spaces (those less than 10,000 square feet).
RRNNJ prides itself on being a go-to broker for specialized service and trade businesses that require a foothold in Morris County’s high-density residential hubs – their primary customer base.
In terms of market dynamics, these transactions reflect a broader geographic trend within the northern New Jersey industrial sector. As vacancy rates in the immediate port zones remain historically tight, the “Golden Triangle” – the area defined by the intersections of interstates 80 and 287 and routes 10 and 46 – has become the primary destination for companies seeking a balance of affordability and accessibility.
