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Galvanize Real Estate has acquired 150 Milford Road, a 608,000-square-foot industrial property along the I-95 corridor in East Windsor Township in central New Jersey. The seller was AXA Real Estate, which acquired the property in 2021 for about $114.2 million from Dermody Properties, according to CommercialEdge data.

The asset is a manufacturing facility leased to National Tree Co., a specialist in artificial Christmas trees, wreaths, garlands, holiday decorations and fiber optics products. GRE plans to make a number of sustainable modifications to the building with the goal of optimizing energy efficiency, generating renewable power and increasing the asset’s value.