PARSIPPANY — STRO, a leading industrial real estate owner and operator, has partnered with KRE Group to develop a new ±65,000-square-foot, ground-up industrial facility at 3 Century Drive. Construction is expected to go vertical in February, with delivery anticipated in September.
Situated on a 5.01-acre site, the modern facility will feature 36-foot clear heights, 10 dock doors, one drive-in door, and 1,200 amps of power. The building is divisible to approximately 32,500 square feet, offering flexibility to accommodate a range of industrial users. Its prime location provides convenient access to major regional corridors, including Interstates 287 and 80, as well as Route 10.
The development is well-suited for third-party logistics providers (3PLs), wholesale and retail distributors, last-mile fulfillment and delivery operators, and specialized users such as food and beverage distribution, cold storage, and AI-driven operations.
Leasing for the property is being handled by Resource Realty of Northern New Jersey, led by brokers Tom Consiglio, SIOR, and Scott Peck, SIOR. Interested parties may contact the brokerage team directly or reach out to Gabe Millstein, Director of Leasing at STRO, for additional information.
Site plans and a marketing brochure, including detailed layouts and professional photography, are available upon request.
“This project underscores STRO’s continued commitment to delivering modern, flexible industrial solutions in key Northeast markets,” said Steven Millstein, Founder and Principal of STRO. “We’re excited to partner with KRE, and given the strong pre-leasing performance of our recent ground-up developments in Florham Park and Woodland Park, we are confident this property will experience similar success.”
Jonathan Kushner added, “Partnering with STRO enables us to pair our development expertise with STRO’s operational excellence. We look forward to delivering a high-quality facility that supports the growth of industrial tenants throughout the tri-state area.”
