According to The STRO Cos. Director of Leasing Elliot Ferris, the recent signing of tenant at a Fairfield property is a “perfect case study for the transition of flex/office buildings to industrial space.”
Showman Fabricators Inc. signed a 78,000-square-foot lease for the new facility, two years in the making, at 15 Law Drive, The STRO Cos. of Ridgewood announced June 27.
“Showman Fabricators was an ideal tenant for the building,” Ferris said in a statement. “Their speed, knowledge and strength in their sector made them desirable tenant for us to have in our portfolio.”
Cushman & Wakefield‘s Chuck Fern, Thomas Tucci, Torsten Thaler and Natalie Gorga represented both the tenant and landlord in the transaction, which Thaler described as a team effort. “Our proactive approach was key to facilitating this long-term relationship in an active industrial market that continues to be tight,” he said.
The Essex County property is located off Route 46 and near Interstate 80. It offers 18-foot clear ceilings and more than four loading docks.
Showman is a custom fabricator for creative markets that is currently based in Bayonne.
“We are thrilled to be moving into this facility, which will bring all our fabrication capabilities into a beautifully modern facility,” Showman Founder and President Bob Usdin said. “This new facility will allow us to better suit our luxury brand and top tier clientele.” According to the company’s website, that clientele includes The Wall Street Journal, Google, HBO and the American Dream mega mall.
Last week, STRO added a director of construction to its team, as the firm embarks on plans to expand. In its June 27 announcement, STRO said it was eager to continue making industrial acquisitions in North Jersey and Florida. “We have a considerable amount of capital to deploy and are interested in either core+, value-add or opportunistic acquisitions,” Ferris said.
Editor’s note: This story was updated at 3 p.m. ET June 27 to include a photo of the facility.