FFG Industries Leases 26,000 Sq. Ft. For Fragrance Technical Center
26 Jul, 2007, Piscataway, NJ
New Agilex Subsidiary to Manufacture, Apply Fragrances at Piscataway Site
FFG Industries, Inc., a well-known manufacturer of flavors and fragrances, has leased 26,000 square feet of high-tech space at 140 Centennial Avenue in Piscataway, N.J., announced David Stifelman of Cushman & Wakefield, Inc. in East Rutherford, N.J. The space will serve as the fragrance division technical center for the company’s newly formed subsidiary, Agilex Flavors & Fragrances™, Inc.
Agilex represents the integration of six established flavor and fragrance companies recently acquired by FFG Industries and located in New Jersey, New York, California and Georgia.
The company’s fragrance division produces fragrances for regional and global companies that manufacture candles, air fresheners, personal care and household products. The new Piscataway operation will serve as the central site where Agilex perfumers will develop new fragrances, and other technical experts will apply those fragrances to products. The property also will house Agilex’s marketing and administrative offices.
“This facility will be the key business and technology center for this division,” said Stifelman, who represented FFG Industries in negotiating the long-term lease at 140 Centennial Avenue. “The building’s central location, highway accessibility and flexibility made it an ideal fit. The Agilex space currently is being built out specifically with the needs of a fragrance company in mind.”
According to Carlo W. Colesanti, FFG Industries’ chairman, CEO and president, the new technical center illustrates the company’s progressive and customer-focused approach. “We maintain the mission ‘big company resources, small company values,’” he said. “The new tech center is in keeping with this core philosophy. It will house the technological resources equal to a company many times the size of Agilex, but those resources will be utilized for customers in a very service-oriented atmosphere.”
Hampshire Real Estate Companies owns 140 Centennial Avenue. The company was represented in the FFG Industries lease by Bob Ryan, Mindy Lissner and Carolyn Sica of CBRE.
The Piscataway transaction represents the second recent lease for which Stifelman represented FFG Industries. In April, he orchestrated a 5,000-square-foot expansion of the firm’s headquarters office in Upper Saddle River, N.J.
Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 201 offices in 55 countries, and more than 12,000 professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, visit the firm's Web site at www.cushwake.com.
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