Tulfra Real Estate, Hamsphire Cos. Acquire 202,000 SF Distribution Facility

CLIFTON, N.J. — Tulfra Real Estate has partnered with Hampshire Cos. to acquire a distribution facility located at 65 Industrial St. South in Clifton for an undisclosed price. The former Glaxo SmithKline building, features 202,000 square feet of space, including 28,000 square feet of office space, as well as 16 loading docks and 200 on-site parking spaces. The buyers have launched a major repositioning program for the former manufacturing plant to convert the property to a single-tenant use and increase the ceiling height to 27 feet. Additional renovations include a new ESFR sprinkler system, new exterior skin, T5 lighting, epoxy floors and new electrical and mechanical systems, as well as 22,000 square feet of space for lab and/or office use. The name of the seller was not released.