- Taylor/Theus purchased a ~55,000 SF, Class A+ facility in Rahway, NJ.
- Taylor/Theus will install an institutional manager to increase occupancy and rental rates to market, as well as retool the unit mix on the upper levels to better suit customer demand in a dense market.
- Rahway is located approximately 15 miles southwest of Manhattan and 5 miles west of Staten Island.
- Taylor/Theus is seeking a use variance and site plan approval for the conversion of a vacant office building/operations center.
- The current owner is seeking a sale as they started to redevelop the building for medical office but are not experiencing sufficient user demand.
- The existing building is two stories with a penthouse level and on the main thoroughfare in Totowa
- Taylor/Theus is working to obtain Site Plan Approval and a conditional use permit for an approximately 145,000 SF facility.
- The property location on a county road, will require Taylor/Theus to obtain Ocean County Planning Board Approval for the access