JLL Northeast Industrial Markets announced that it has completed the sale of 95 Fulton Street in Boonton, New Jersey on behalf of Erasteel, Inc. The 55,000-square-foot property was purchased by J. Supor& Son Trucking & Rigging.
95 Fulton Street, a I-1-zoned light industrial facility, previously operated as steel manufacturer. The property, set on 14.2 acres,features five overhead cranes, 11,000 square feet of office space,112 parking spaces, 24’-to-40’ clear ceiling heights, two loading docks and a drive-in door.
Located near the historic district of Boonton, and minutes from popular retail and dining options, the property provides convenient access toI-80, I-280 and I-287 for easy transportation across the entire tri-state area.
Managing director Howard Weinberg of JLL Northeast Industrial Markets represented the seller. Vice presidents Jeffery Fulton and Jason Levy of Team Resources, Inc. represented the buyer.
“95 Fulton Street is ideally suited to a wide range of industrial applications thanks to its impressive inbuilt infrastructure,” said Weinberg. “What’s more, its proximity to major transportation routes provides it with extraordinary access to the entire tri-state area.”
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.
About JLL
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.
