Paragon Packaging has signed a lease for a 192,111-square-foot space at Central 9 Logistics Park in Old Bridge, New Jersey. The state-of-the-art industrial park, developed by 2020 Acquisitions, is currently in its three-phase development and is expected to be completed in the second quarter of 2024. The facility will serve as Paragon Packaging's new headquarters and offers prime access to ports and major highways.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: N/A
• Address: 2280 US Route 9, Old Bridge, New Jersey
• Market: Old Bridge

The landlord, 2020 Acquisitions, facilitated the lease transaction, while Paragon Packaging was represented by Kyle Eaton from Newmark. Cushman & Wakefield, represented by Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi, Mindy Lissner, and Morgan Nitti, acted as the landlord's representatives in the deal.