Fairfield, NJ — The Stro Companies (STRO) has closed on a 78,000 s/f industrial property located at 140 Clinton Rd. in Fairfield. The Ridgewood-based firm acquired the property in an off-market transaction from an unidentified seller. The two-tenanted, last-mile property is currently fully occupied, boasts 21’ ceilings, excess land for trailer parking, provides tenants with easy access to several major highways, and has an abundance of parking for both employees and tractor trailers. The property is well-situated along Route 46, with near or immediate access to I-80, I-280, I-287, the Garden State Parkway and the New Jersey Turnpike. “This was a phenomenal acquisition to say the least.” said Jack Shulman, director of acquisitions & capital markets at STRO. “There have been only a handful of industrial properties traded in 2020 and COVID-19 has only further increased the competitiveness of this asset class. To have secured such a great property with 21’ clear ceilings, excess land for trailer parking, four sides of circulation, upside in rents – and in such a challenging time - really is a testament to STRO’s capabilities on executing and sourcing quality deals.”