Johnstone Supply And PIMS Inc Prelease 136714 SF Industrial Facility In Florham Park

The property involved in this transaction is an industrial facility located at 19 Vreeland Road in Florham Park, comprising a total square footage of 136,714 SF. Developed by The STRO Cos and KRE Group, this facility is nearly complete and has attracted significant interest from tenants. The lease involves preleasing activities of 42,000 SF and 94,714 SF, indicating strong demand in the industrial market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 19 Vreeland Road
• Market: Florham Park
• Asset Size: 136,714 SF
• Landlord: Steven Millstein & Elliot Ferris - The STRO Cos; Jonathan Kushner - KRE Group
• Tenant: Johnstone Supply & PIMS Inc
• Brokers: Bill Waxman, Jeff Volpi & Morgan Nitti - Cushman & Wakefield

The individuals behind this deal include Bill Waxman, Jeff Volpi, and Morgan Nitti, who represented the leasing efforts through Cushman & Wakefield. This transaction marks a notable prelease occurrence for a speculative project in the 2025 market, showcasing the capabilities of the brokers and their understanding of market dynamics. Johnstone Supply and PIMS Inc. are positioned to occupy significant portions of the facility, indicating a strategic alignment with the landlords' development goals.