“I’m elated to have both the buyer and seller equally thrilled about how this transaction transpired,” said Chris Chiusolo, Director with The Blau & Berg Company. “This property was in the seller’s family for almost 100 years, and now it gets a new lease on life, as the buyer has plans to create a new business opportunity in their new location.”
“This project has taken many years to achieve, with so many obstacles between the Township, multiple owners, environmental concerns, and wetland issues”, said Brad Jacobs. “Once completed, it will be a sizable industrial development for the NJ market and is perfectly situated in the middle of the state between exits 11 and 12 on the NJ Turnpike, with access to all major highways as well as New York City and Philadelphia. This will additionally serve as a big win for the township of Woodbridge, finally bringing a quality industrial hub to an area that was long overdue and in need of redevelopment.”
“My associates and I are beyond grateful to be given the opportunity to pair both buyer and seller on this unique property”, said Christopher Chiusolo, Director with The Blau & Berg Company. “This is a great site in an up-and-coming area, and has the potential to be an industrial trucking hub in a part of New Jersey where demand for such is high.”
“This property is unique due to its location within Linden, additionally the yard is spacious and the onsite building is right-sized for back-office use and truck repair,” said David Elkouby Partner of American Equity Partners LLC. “Working with Jason Crimmins and his team was a pleasure! Their attention to detail, knowledge of the market, and constant communication sets them apart from every broker in the market!”
“I am thrilled to sell this building in such a short time. The property is ideally located in Union, and the buyer had the same type of business as the owner, which made this deal quick & easy. I’m very pleased with how smoothly and efficiently we were able to turn this one around. I owe a big thank you to our marketing team at The Blau & Berg Company for reaching the right people, as well as Tom Dimicelli for entrusting me with his clients to list & sell this building. Tom’s guidance is always appreciated and welcomed.”
The space is ideally located adjacent to the Essex County Airport, in close proximity to Routes 3, 46, 80, and 280, and is surrounded by many dining and lodging options. The site is suited for either office or medical use.
“In such an ultra-tight industrial market this was an exceptionally rare opportunity for Staples to find a top-flight, last-mile thirty-door terminal outside of Manhattan and Port Newark”, said Jason M. Crimmins, SIOR, CCIM, President of The Blau & Berg Company.
“This property is an excellent acquisition for Terreno”, said Peter J. Murano, Jr., Managing Executive Director of The Blau & Berg Company. “Locations like this near the port are seeing unprecedented demand, and our long-standing relationship with Terreno allowed this deal to come together seamlessly in an often volatile market.”
“The Stiger Street facility is a true value play in which the new operator will benefit from a generous upside opportunity in market rents”, said Michael Schipper, Senior Executive Director with The Blau & Berg Company. “The western route 80 corridors have seen a resurgence of demand as of late and in retrofitting this facility to current standards, with plans to rework loading positions, truck court, floors, and lighting, the building lends itself to both the manufacturing and warehousing arena…
The land is earmarked for a massive development project, as detailed by Michael Schipper, Senior Executive Director with The Blau & Berg Company. “The closing of these two properties marks the completion of an assemblage which began half a decade ago. The sites will become part of a 410 unit transit-oriented luxury apartment complex complete with public green spaces, pedestrian walkways, and seven-hundred, fifty parking spaces at the entry of Orange Train Station, with mid-town direct service to Manhattan,” says Schipper. “The patience of our clients and the tenacity of the development team were paramount in the completion of these transactions. We look forward to what Russo Development and Dinallo Construction will deliver in the coming year.”
“Tammy and Brad hit the ground running when they teamed up a few years ago, and each year they’ve established themselves as top brokers in the local and surrounding markets”, offered Jason Crimmins, CCIM, SIOR, President of The Blau & Berg Company. “They earned this promotion by improving upon their book of business year in and year out, while complementing each other’s strengths. They continue to be a tremendous asset to our overall growth.”
Alessandro (Alex) Conte, CCIM, SIOR, Executive Vice President with The Blau & Berg Company said of Longo, “John has been a great addition to The Blau & Berg team. He exemplifies everything that we hope to get in an associate: honesty, integrity, and work ethic.” Conte added, “Since joining The Blau & Berg Company, John has continually grown not only his book of business but also his camaraderie within the company. He has earned this promotion with a consistent year-over-year effort.”
“We were honored to have represented the tenant in a comprehensive search for their new corporate HQ and distribution center”, offered Michael Schipper, SIOR, Senior Director with The Blau & Berg Company. “We were pleased with the fluidity in which the transaction progressed along with the development team and their representation.”
“We were happy to assist the seller in the disposition of this asset”, offered Alessandro (Alex) Conte, CCIM, SIOR, Executive Vice President for The Blau & Berg Company, adding “we are excited to see the new owners, Brentwood Realty, bring new life to not just the property but the community as a whole.”