Under the sale-leaseback, the tenant — one of the nation's largest privately owned cleaning and sanitizing product companies — will continue to occupy the property for its headquarters, lab and manufacturing center.
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Avison Young arranges sale-leaseback in Parsippany
The industrial property spans approximately 7 acres and can support a range of uses, including warehouse, manufacturing and flex.
Read More »Avison Young arranges 10-acre industrial sale-leaseback
The property "provides an attractive investment opportunity for a company to acquire a fully leased industrial asset thoroughly equipped for a variety of e-commerce and logistic uses,” said Principal Edward English, who was part of the team representing the seller.
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