Industrial Net Lease Opportunity

Mission-Critical Facility: The Property has served as INTEX’s headquarters since 2018 and supports 100% of the Company’s operations and revenue generation, underscoring its importance to the tenant’s long term business.
Significant Capital Investment: Since 2018, INTEX has invested over $3,000,000 into upgrading and building out the facility to meet its operational needs, including new electrical, lighting, HVAC and heating systems, ventilation and dust collection, epoxy floors, fire suppression system, windows, doors, insulation, roof membrane, asphalt work, entry ramps, sidewalks, fencing, and more, demonstrating their commitment to the property.
Highly Specialized Workforce & Operational Stickiness: The facility supports a skilled, on-site workforce of 80+ employees. INTEX operates a highly customized, design and built-to-order model that requires close coordination between production and technical teams, making remote operations impractical. The concentration of specialized labor and integrated workflow creates significant barriers to relocation and reinforces long-term tenancy.
Parent Company Credit Profile: Backed by James Hardie Industries (NYSE: JHX), a leading global building materials company with ~$4B in annual revenue and an investment-grade (BBB-) profile, the tenant benefits from institutional ownership following the $8.75B acquisition of AZEK—supporting long-term credit stability and continued operations.
Strategic Location Supporting Core Operations: Approximately ±90% of the Company’s revenue is generated within the Northeast corridor between Massachusetts and Maryland. The Mays Landing location provides efficient access to this core customer base and supports INTEX’s logistics model, which relies on company owned delivery equipment and recurring delivery routes. Relocating operations would introduce meaningful inefficiencies and increased logistics costs, further anchoring the tenant to the Property.

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Patrick Forde