Velocity MedTech Renews Lease At 11 Jackson Road With Crosstate Enterprises LLC

The industrial property at 11 Jackson Road in Totowa, spanning 84,755 square feet, was at the center of a lease transaction involving Velocity MedTech, a medical device manufacturer. The lease renewal, brokered by Avison Young, secured nearly 85,000 square feet for Velocity MedTech, ensuring continued operations at the strategically located facility near Interstate 80 for optimal labor and logistics access.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 11 Jackson Road
• Market: Totowa
• Landlord: Crosstate Enterprises LLC
• Tenant: Robert Baker - Velocity MedTech
• Brokers: Ed English, Paul Errigo & Ron Ganter - Avison Young

Ed English, Paul Errigo, and Ron Ganter from Avison Young played a pivotal role in facilitating the lease deal for Velocity MedTech, marking the commitment of all parties involved to ensure the seamless continuation of operations for the medical device manufacturer in a market experiencing rising rents. The strategic location of the property near Interstate 80 further solidifies its appeal for both labor and logistics requirements.