Walker Dunlop, Inc. has announced that it arranged for the $21,000,000 sale of 212 Rome Street, the 65,539 square-foot, build-to-suit headquarters of AeroFarms, a sustainable urban agricultural company located in Newark, NJ. The company's industrial facility at 212 Rome Street is home to one of the largest and most productive indoor vertical farms globally and features a unique combination of traditional Class A warehouse and distribution space, a state-of-the-art research and development center, as well as acutely climate-controlled areas for produce cultivation. The property is positioned in northern New Jersey's Port submarket, one of the most desirable industrial submarkets in the U.S. As one of the most recently completed and highest quality industrial assets within the Port, 212 Rome Street employs an aeroponic growing system, which enables local production of pesticide-free greens without soil or sun and uses 95 less water than traditional farming. Serving one of the most densely populated markets in the U.S., this system can produce greater than 100 times as many crops per square foot as compared to a traditional field farm.
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