Faropoint Leases 60,215 Square Feet Industrial Space To Regenity Biosciences In Allendale

Faropoint leased a 60,215-square-foot industrial building located at 59 Route 17 South in Allendale, New Jersey. The asset is situated within the Allendale Industrial Park and reflects the current dynamics of the New Jersey industrial market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 59 Route 17 South
• Market: Allendale
• Landlord: Adir Levitas - Faropoint
• Tenant: Regenity Biosciences
• Landlord's Rep: Kenneth Lundberg, Patrick Lennon & Lorenzo Lambiase - NAI James E. Hanson
• Tenant's Rep: Ed English, David Herbert & Ronald Ganter - Avison Young

This leasing transaction involved NAI James E. Hanson representing the landlord, while Avison Young represented the tenant, Regenity Biosciences, as they fully occupy the leased industrial space amid a shifting New Jersey industrial environment favoring tenants.