CBRE announced Thursday it has arranged an industrial lease for Elmwood Park-based Dr. Praeger’s Sensible Foods, an all-natural frozen foods company, in Edison.
The lease, comprised of 56,760 square feet, is located at 180 Raritan Center Parkway. Dr. Praeger’s will occupy the only freezer space available in the 354,000-square-foot warehouse.
Scott Belfer, Lou Belfer and Nicholas Nitti of CBRE arranged the lease on behalf of the building’s owner, New York Life.
“Dr. Praeger’s Sensible Foods required freezer space in a central location to meet its very specific distribution requirements,” said Scott Belfer, senior vice president. “The fully racked freezer space at 180 Raritan offers temperatures as low as -20 degrees, a unique feature in the market.”
The property is within close access to the New Jersey Turnpike, Holland and Lincoln tunnels, the George Washington Bridge and Newark Liberty International Airport.
Mary Chandis of America East Real Estate represented Dr. Praeger’s in the deal.
Financial terms were not disclosed.
