Binswanger brokers leases for Gujarat Glass

Manufacturer to set up main distribution center

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Binswanger represented Gujarat Glass International Inc. in its leases of more than 106,000 square feet of space in New Jersey. The total value of the transactions was not disclosed. Gujarat inked a 100,000-square-foot lease for warehouse space in Vineland, and a 6,130-square-foot lease for office space at the Marlton Executive Center in Evesham Township. Gujarat Glass, a manufacturer of glass packaging for pharmaceutical and cosmetic products, is a subsidiary of Mumbai, India-based Piramal Enterprises Limited. The new Vineland facility will serve as the company's main U.S. distribution center. The landlord, Vineland Construction Co., is a division of National Freight and has significant real estate holdings around the country. Philadelphia-based Binswanger is an international, full-service real estate organization with offices throughout North and South America, the U.K. and Europe, the Middle East, Asia and Australia. ...