Avison Youn completed a 60,215-square-foot, full-building industrial lease on behalf of Regenity Biosciences, a New Jersey-based global leader in regenerative technologies serving the medical device industry. The property is located at 59 Rte. 17 So., Allendale, NJ in Allendale Industrial Park.
The Avison Young team representing the tenant consisted of Ed English, principal and head of NJ’s Industrial Occupier Solutions Group; David Herbert, principal in Chicago and head of the Private Equity Advisory Group; and Ron Ganter, principal.
“In the past 18 months, the NJ industrial real estate market has changed dramatically in favor of tenants. A well thought out, strategic approach to the market will yield a variety of properties and landlords for good tenants to choose from, and it was a pleasure to work with Regenity’s leadership team on this project,” said English.
The property is owned by Faropoint, represented by Ken Lundberg, Patrick Lennon and Lorenzo Lambiase of NAI Hanson.
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