Resource Realty of Northern NJ (RRNNJ) recently arranged two industrial property leases at 903 Murray Rd. (158,440 square feet) and 906 Murray Rd. (15,005 square feet), adjacent sites that are part of the Ridgedale Industrial Park assemblage in East Hanover, N.J.
The RRNNJ team of Founding Principal Tom Consiglio and Principal Scott Peck who represented the landlord in both transactions. Principal Brian Wilson represented Tri-State Cleaning and Restoration at 906 Murray Rd. John Friedland of United Realty Advisors represented the tenant, J&J’s Tri-State Delivery Service at 903 Murray Rd.
“These two leases reflect the unwavering strength of the Northern New Jersey industrial corridor and the sustained appetite for well-located assets,” said Consiglio. “The ability for our team to successfully represent the landlord at both buildings, while simultaneously delivering optimal results for the tenant at 903 and 906 Murray Road locations, speaks to the collective expertise and collaborative spirit we offer clients across the region.”
In 2023, Ridgedale Industrial Park was acquired by an investment fund managed by Summit-based Saxum Real Estate. Under the park’s former owner (Urban Edge), RRNNJ served as the exclusive leasing agent and was retained by current ownership to continue in this role.
“Executing these leases, at properties where we guided the portfolio from repositioning through its sale and now to renewed tenancy under new ownership, illustrates our 35 years of strategic, client-focused work,” added Peck.
