Glass supplier C.R. Laurence buys Secaucus site for $18M

A large glass supplier has bought a 146,000-square-foot industrial building in Secaucus, where it plans to expand and relocate from within the town, for $18 million.   C.R.

Laurence Co. is moving to 60-70 Seaview Drive from its current facility at 211 County Ave. in Secaucus, Cushman & Wakefield Inc. said Monday. The real estate firm represented both buyer C.R. Laurence and seller Principal Real Estate Investors in the sale.

Cushman & Wakefield didn't disclose the price, but it was an $18 million deal that closed on Dec. 27, according CoStar, which tracks commercial real estate. C.R. Laurence is now selling the property it is vacating for more than $5 million, according to the data firm.

C.R. Laurence - which provides glass and other materials to the glazing, architectural, railing, construction, industrial and automotive industries - will get an additional 100,000 square feet by making the move, according to Cushman.

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600450 Glass supplier C.R. Laurence buys Secaucus site for $18M

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The 9/16", blue-green glass is laminated and manufactured by Trulite, and the base shoe and top cap, in brush stainless steel, was all manufactured by C.R. Laurence.
Gavin will be responsible for supervising the Product Development and Product Management functions at C.R. Laurence’s corporate headquarters in Los Angeles, California.

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