STRO closes 6th industrial deal in 2019.

Byline: NJBIZ STAFF

The Stro Cos. said it closed on its sixth building this year with an acquisition in Wyckoff.

On Oct. 8, the Ridgewood company announced it purchased a 120,000-square-foot industrial property at 500 W. Main St. for an undisclosed price.

The building, which sits on 14 acres and boasts 21-foot clear ceilings, is 90 percent occupied, STRO said.

Financing was provided by Millington Bank, with Newark-basedMurphy Partners LLP's Kellen Murphy serving as lead counsel in the closing.

"This acquisition provides another last mile distribution hub to our portfolio and accounts for the third Bergen County...