JLL Leases 81,400 Square Feet of Industrial Space at Two Sites in Fairfield, New Jersey
Trucking and fragrance companies sign long-term leases at 19&21 Daniel Road East and 30 Stewart Place
NEW YORK, December 22, 2020 — JLL Northeast Industrial Region has leased a total of 81,400 square feet of space at two industrial locations in Fairfield, New Jersey. On behalf of landlord PAN Realty, JLL completed a long-term lease for the 48,100-square-foot 19&21 Daniel Road East with tenant Best Way Trucking Service, Inc., a logistics company. For Patty Brothers Properties, LLC, JLL completed a long-term lease for the 33,300-square-foot 30 Stewart Place with tenant Excellentia International, a fragrance company.
19&21 Daniel Road East is a 48,100-square-foot building that features a 6,500-square-foot office space, abundant parking, 14 tailgate loading docks, one drive-in door and 18’-clear ceiling heights. Located near U.S. Route 46, Interstate 80 and Interstate 280 in Fairfield’s industrial area, 19&21 Daniel Road East offers immediate proximity to New York City’s dense consumer population.
30 Stewart Place spans 33,300-square-foot with a 6,000-square-foot office space, 22’-clear ceiling heights, four tailgates, and is likewise conveniently located right off U.S. Route 46 and near Interstate 80, Interstate 280, and the Garden State Parkway.
Howard Weinberg, managing director with JLL, represented the owners in both transactions. Gregory Sabato with Resource Realty co-brokered the 19&21 Daniel Road East transaction. Resource Realty represented Best Way Trucking, while the 30 Stewart Place transaction was direct with Excellentia International.
“These two facilities in Fairfield are ideally located for companies seeking distribution centers with direct access to New York City, the greater metropolitan area and the entire northeast,” said Weinberg. “The quality of the facilities further enhances their appeal at a time of increasing demand for industrial space.”
JLL formed its Northeast Industrial Region in early 2017, combining its industrial brokerage operations in Connecticut, New Jersey, New York and Pennsylvania into a single region. The firm merged its industrial business lines to better serve clients that increasingly view the industrial sector in all four states as one large interconnected market. The Northeast Industrial Market comprises approximately 1.54 billion square feet of industrial space and represents the largest industrial market in the United States.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.