CB Richard Ellis executed 262,000 square feet of industrial leasing transactions at 2 Colony Road in Jersey City, N.J.

The total value of the transactions was not disclosed.

Interglobo Morro, a paper distributor, has leased a 165,000-square-foot space to consolidate three facilities, including its corporate headquarters, currently located within the Empire State Building in New York City.

In addition, Falcon Foods, a Latino food distributor, has leased a 97,000-square-foot space to utilize as a warehouse and distribution facility.

RREEF, a U.S. based real estate investment manager, owns both properties. The addition of the two new tenants brings the property to full occupancy.

“Interglobo Morro and Falcon Foods ultimately chose this property due to the property’s rail access and ideal location in the Port market,” said Nicholas Nitti, a CB Richard Ellis vice president. “We anticipate increased activity among both sectors in the near future, especially coming from New York. The food industry, in particular, continues to be one of the strongest drivers of the local industrial market.”

Los Angeles-based CB Richard Ellis Group Inc. provides commercial real estate services worldwide.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription