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Avison Young arranges lease of 149 New Dutch Lane in Fairfield, New Jersey to Remarkable Foods Kitchens, LLCAugust 18, 2022
Industrial property lease will enable future growth for the food service company
MORRISTOWN, NJ – Avison Young has arranged the lease of 149 New Dutch Lane in Fairfield, New Jersey on behalf of Longpoint Realty Partners, L.P. (LRP) to Remarkable Foods Kitchens, LLC (RFK). The 39,800-square-foot (sf) industrial property with 30,500-sf of refrigerated warehouse space is in one of the most robust logistics hubs in the Northeast and is the only available existing, free-standing, refrigerated space for lease of its size within northern New Jersey.
The Avison Young team of Matthew Turse, Principal, Timothy Cadigan, Principal, and Marc Krieger, Senior Vice President, represented LRP. The tenant, RFK, was represented by JLL. Following the acquisition, LRP retained all three brokers as the exclusive leasing agents to find a suitable tenant for the refrigerated warehouse building. The team was successful in attracting several potential tenants, the property was ultimately leased to RFK, a food service delivery company.
“Having partnered with LRP principals over the course of several years, including the acquisition of 149 New Dutch Lane in 2021, we have a deep understanding of their long-term business goals and are proud to have helped find a tenant that will best utilize this property,” said Jeff Heller, Principal & Managing Director of Avison Young’s Morristown, New Jersey office. “This is a great location for ‘last-mile’ distribution and is very much in demand—we had several interested occupiers—and are happy that this location, with its space and refrigeration capabilities, will help RFK grow their business.”
The new tenant will bring additional jobs to the area and expanding their operations. The location at 149 New Dutch Lane on the corner of Fairfield Avenue and New Dutch Lane offers direct access to Route 46, Route 80, and Route 23, allowing efficient distribution channels throughout the region.
“Avison Young understands our business goals and their thorough knowledge of the market helped us identify the right asset at the right time,” said Dan Frank, Managing Director of LRP. “Their support in the purchase of 149 New Dutch Lane has helped us re-position the building successfully for occupiers requiring a cooler storage facility that has optimal logistic capabilities.”
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For more information:
- Nathan Reyna, Regional Media Relations & Content Specialist, Northeast: +1.917.877.1697