Kiss Nail Products Inc. distributes nail products, hair accessories and cosmetics to more than 100 countries from its warehouse in Piscataway.
On Jan. 28, Duke Realty‘s New Jersey office announced it acquired that 469,600-square-foot industrial property located at 600 Ridge Road.
The site, built in 2019, sits on 65 acres in the desirable Exit 10/287 Corridor submarket. It offers 40-foot clear heights, 100 dock doors and a 130-foot truck court.
“We are always looking for these types of opportunities to add existing, yet modern, facilities to our portfolio,” Art Makris, regional president of Duke Realty’s Northeast Region, said in a statement. “The added bonus is retaining an established tenant that we can now count as a customer.”
According to the firm, the deal brings its New Jersey portfolio to 9.6 million square feet.
“Our acquisition strategy remains focused on infill, functional assets in high-barrier tier 1 markets and the acquisition of this modern distribution facility bolsters our best-in-class portfolio,” Assistant Vice President of Acquisitions Seth Hall said in a prepared statement. “We are continuously pursuing similar acquisition opportunities as we look to expand our footprint in Northern New Jersey.”
NAI DiLeo-Bram & Co.’s Thomas Kirczow represented the seller in this transaction; financial terms for the deal, which was completed in the fourth quarter of 2021, were not disclosed.