Resource Realty of Northern New Jersey (RRNNJ) has completed three industrial lease transactions totaling 15,496 square feet across Morris County, reinforcing continued demand for logistics and industrial space along the highly trafficked Interstate 80 corridor.
The leases span properties in Randolph and Flanders, two submarkets that benefit from proximity to major transportation networks and regional distribution routes.
RRNNJ principals Brian Wilson, Tom Consiglio, and Scott Peck represented landlords across all three transactions, with Wilson also representing a tenant in one of the deals.
“Randolph and Flanders sit at the crossroads of Interstate 80, Interstate 287 and Routes 10, 46, 202 and 206,” Wilson said. “That level of connectivity is why we continue to see steady demand for industrial space along this corridor.”
The largest of the transactions took place at Commerce Park Commons in Randolph, where RRNNJ secured a tenant for 7,800 square feet at 273 Franklin Road. The recently renovated property offers 12-foot clear ceiling heights and ample on-site parking, making it attractive for light industrial and distribution users.
The site’s location—less than two miles from Routes 10 and 46—further enhances its accessibility for regional operations.
RRNNJ collaborated with Christie’s International Real Estate, which represented the tenant in the deal.
In a separate Randolph transaction, Wilson represented both the landlord and tenant in a 2,550-square-foot lease at 7 Middlebury Boulevard. The property is positioned within an established light industrial zone and provides direct access to Route 10, supporting local service-based businesses and trades.
A third lease transaction was completed in Flanders at 1 Gold Mine Road, where nearly 5,146 square feet of space was leased to Almetek Industries, Inc..
The property is strategically located near the Route 206 and I-80 interchange, directly across from the ITC Crossing South shopping center. It includes 18-foot clear ceiling heights and a loading dock, features that cater to modern industrial and logistics requirements.
“Today’s industrial tenant demands a premium product in a premium location,” Consiglio said. “These transaction locations offer the kind of connectivity that already commands a premium, which means tenants continue to compete for properties with modern amenities in these submarkets.”
The trio of transactions underscores Morris County’s growing role as a key logistics and industrial hub within northern New Jersey. Its proximity to major highways such as Interstate 80 and Interstate 287 positions the region as a critical link between urban centers like New York City and broader national distribution networks.
Industrial demand across the region remains elevated, driven by e-commerce growth, last-mile delivery needs, and the ongoing evolution of supply chains. Tenants are increasingly prioritizing properties with modern specifications—such as higher clear heights, loading capabilities, and parking—as well as immediate highway access.
Smaller-format industrial spaces, like those leased in these transactions, are particularly sought after by local and regional businesses seeking flexible, well-located facilities. This trend has intensified competition in well-connected submarkets like Randolph and Flanders, where available inventory remains limited.
As leasing velocity continues, brokers and developers expect sustained momentum along the I-80 corridor, with connectivity and infrastructure remaining the primary drivers of value and tenant interest.
Originally reported by Resource Reality of Northern New Jersey.
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