New York Real Estate Journal

Resource Realty of Northern New Jersey arranges 57,000+ s/f of industrial leases

March 25, 2025 - Outside The Region

Hackettstown NJ In a series of recent industrial transactions, Resource Realty of Northern New Jersey (RRNNJ) has brokered five leases totaling over 57,316 s/f. The RRNNJ brokerage teams represented each of the landlords and/or tenants in the deals spanning Warren and Morris counties. 

In the largest of the transactions, RRNNJ principal Brian Wilson represented Devli Group, the landlord, in two leases of 23,399 s/f and 14,416 s/f at 103 Bilby Rd. The industrial-flex property spans 59,400 s/f and features 25-ft. ceiling heights and seven loading docks. Situated on a 15-acre, three-building site less than four miles from I-80 and U.S. Rte. 46, the property offers access to New York City, Northern New Jersey and Eastern Pennsylvania. 

“The landlord at 103 Bilby Road was able to capitalize on the elevated demand for warehouse space less than an hour from New York City as well as Hackettstown’s proximity to Pennsylvania,” said Wilson. “The building’s access to major logistics arteries, including I-80, I-78 and I-287, underscores modern tenants’ demands for connectivity to multiple regional markets.” 

Capitalizing on the success and competition along the I-80 corridor, RRNNJ also secured three tenants at industrial facilities in Rockaway and Randolph. Wilson, alongside RRNNJ principals Greg Sabato and Scott Peck, represented both the landlord and tenant in a 12,020 s/f lease renewal at 300 Forge Rd. in Rockaway. The property is located less than a mile from I-80 and within 30 minutes of New York City. 

Wilson also represented the tenant in a 5,000 s/f lease renewal at 3 Middlebury Blvd. in Randolph. The nearly 48,000 s/f facility includes 11 loading docks and is situated north of U.S. Route 10. 

“The Morris County corridor continues to be a powerhouse for industrial property performance,” said Sabato. “The region’s strategic advantages persist in fueling its growth and positions it as a premier destination for tenants requiring superior logistics facilities.” 

In addition, Sabato and Wilson also negotiated a 5,200 s/f lease on behalf of the landlord at 385 Franklin Ave. in Rockaway. The flex industrial property features 22-ft. clear ceilings and spans 81,000 s/f, with access to major local traffic arteries, including U.S. Rte. 10, Rte. 46 and I-287.