EDISON—Cushman & Wakefield Inc. represented Futai Inc. in its recent acquisition of 7 Parkway Place in Edison. Futai is the world’s largest manufacturer of umbrellas; the company will relocate its divisional headquarters and warehouse to the property, which is located within Raritan Center Industrial Park.
Cushman & Wakefield industrial brokerage specialists Rachel Pittard and Stephen Elman represented Futai Inc. in its acquisition of the 50,000-sq.-ft. warehouse/distribution facility. This was a user-sale transaction. Futai carries and distributes its own umbrella brands—including Rainkist, Leighton and Tina T.—and services other private label brands. The firm is the largest provider of customized promotional umbrellas as well.
“Futai originally began its search to identify a more operationally efficient footprint," said Pittard. "They considered both lease and sale options in the Edison and surrounding markets. Having operated out of the Park for many years, Futai appreciates the advantages of conducting business in this Park.”