NAI James E. Hanson inks 20,089-square-foot industrial lease in Edison

Linda Lindner//January 28, 2020//

NAI James E. Hanson inks 20,089-square-foot industrial lease in Edison

Linda Lindner//January 28, 2020//

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120 Fieldcrest Ave., Edison. - NAI JAMES E. HANSON
120 Fieldcrest Ave., Edison. – NAI JAMES E. HANSON

NAI James E. Hanson said Tuesday it negotiated a 20,089-square-foot lease in Edison to Vertex Distribution.

Located at 120 Fieldcrest Ave., and situated in one of the most in-demand industrial submarkets in the state, the property is a 106,000-square-foot industrial building atop 6.64 acres which features 32-foot ceilings, five loading docks and a drive-in door. The space can easily accommodate the industrial fastener distributor’s warehousing and distribution needs.

NAI James E. Hanson’s Kenneth Lundberg and Patrick Lennon represented Vertex Distribution in the transaction with the landlord, Summit Associates Inc.

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 was acquired by Houston Wire & Cable Co., one of the largest providers of wire and cable in the United States market.

The property’s functionality, accessible location and visibility along major transportation routes, made it an ideal facility for Vertex to relocate its 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 Ave. to meet their warehousing and distribution needs.”