Resource Realty of Northern New Jersey (RRNNJ), a full-service commercial real estate firm specializing in the industrial and office sectors, has reported a highly productive start to the year. In the first quarter, the firm’s market specialists finalized 164,193 square feet in leasing transactions through a series of prominent owner-representation assignments.
The firm’s early-year velocity is rooted in a strategic focus on “infill and accessibility”—a market philosophy emphasizing the premium value of last-mile logistics and well-positioned flex-industrial assets in a tightening New Jersey landscape.
RRNNJ’s Q1 volume was anchored by several key transactions across Morris and Warren counties, illustrating the sustained demand for smaller, strategically located industrial facilities.
Among the most notable transactions was a 38,258-square-foot flex industrial lease at 400 American Rd. in Morris Plains. Principals Tom Consiglio and Scott Peck represented the landlord, GTJ REIT. The transaction secured the renewal of Charmant USA, a tenant at the property since 1990.
“The demand for infill space is no longer just about storage; it’s about the ‘physics’ of the supply chain,” Consiglio noted, adding that deal volume in the 20,000 to 40,000-square-foot range remains a critical bellwether for the local economy. “Accessibility is the primary currency for our clients right now.”
The firm also executed a 23,101-square-foot industrial lease at 19 Chapin Rd. in Pine Brook. Handled by the team of Consiglio, Peck, and Principal Greg Sabato on behalf of the landlord, the property attracted multiple competitive offers during its brief window of market availability.
“We are seeing a flight to quality in the infill sector,” observed Sabato, a 28-year industry veteran. “Companies are prioritizing locations like Pine Brook and Morris Plains because they offer the dual benefit of a skilled labor pool and unrivaled logistical connectivity.”
As vacancy rates fluctuate across the Garden State, RRNNJ is tracking a distinct expansion into secondary markets where geographical accessibility remains high but operational costs are more manageable.
This trend was highlighted by two interconnected deals managed by Principal Brian Wilson:
- Hackettstown Expansion: At 103 Bilby Rd., Wilson represented the landlord in an 18,125-square-foot industrial lease expansion, bringing an adjacent tenant’s total footprint to 41,528 square feet.
- Randolph Relocation: Wilson concurrently represented industrial user Rotarex in its relocation from the Bilby Road property to a new facility at 4 Middlebury Blvd. in Randolph.
“Assets like 103 Bilby Road prove that the industrial appetite extends well beyond the Turnpike corridors,” Wilson stated. “Warren County is becoming a vital relief valve for users seeking accessibility without the premium costs of the immediate port markets.”
The firm’s Q1 performance reflects a broader regional trend of consistent deal flow driven by users prioritizing functional, highly accessible spaces.
“Our Q1 results are a testament to our deep-rooted landlord relationships,” Peck said. “By deploying this strategy, we aren’t just filling vacancies; we are helping our clients navigate a complex market to find long-term operational stability.”
