Edison, N.J. (January 28, 2020) – NAI James E. Hanson announces it has negotiated a 20,089-square-foot lease at 120 Fieldcrest Avenue in Edison, N.J. NAI James E. Hanson’s Kenneth Lundberg, SIOR, and Patrick Lennon represented the tenant, Vertex Distribution, in the transaction with the landlord, Summit Associates.
A leading master distributor of industrial fasteners, Vertex Distribution’s products are used in a variety of markets including industrial supply, water and wastewater, general manufacturing, power generation, marine, and oil and gas. In 2016, Vertex Distribution was acquired by Houston Wire & Cable Company, one of the largest providers of wire and cable in the United States market. The acquisition bolstered Houston Wire & Cable Company’s capabilities and number of strategic locations throughout the nation.
Situated in one of the most in-demand industrial submarkets in New Jersey, 120 Fieldcrest Avenue is a 106,000-square-foot industrial building atop 6.64 acres located in Edison, N.J. Zoned for light industrial, the property is highly adaptable to a diverse mix of industrial users, including tenants ranging from a marine spill response corporation (MSRC) to an alcoholic beverage wholesaler.
Featuring 32’ ceilings, 5 loading docks and a drive-in door, 120 Fieldcrest Avenue can easily accommodate Vertex Distribution’s warehousing and distribution needs. Searching for industrial space to better serve the New Jersey market, Vertex Distribution was attracted to 120 Fieldcrest Avenue’s functionality, accessible location and visibility along major transportation routes, which made it an ideal facility for the company to relocate their operations.
“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,” said Lundberg. “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.”