Industrial space fills up in New Jersey

Regency Warehousing & Distribution Inc. leased 437,000 square feet at Raritan Industrial Center in Flemington, N.J., for an undisclosed price.

The space is located within an 851,705-square-foot industrial building -- formerly the Lipton Tea Building -- located at 1200 Route 523.

Lincoln Equities Group, the building owner, acquired the facility in 2001. Building features include 20- to 47-foot clear ceiling heights, air-conditioned manufacturing and packaging areas, and ample parking and trailer spaces.

"We are extremely gratified that Regency was able to see the intrinsic value in locating at a site that was further away from the main distribution hubs, and their cost savings will reflect that," said Joel Bergstein, executive vice president of Lincoln Equities Group.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.