The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently arranged the purchase and subsequent lease of a +/- 5,600 SF warehouse and truck trailer storage facility at 401 Commerce Road in Linden. Jason M. Crimmins, CCIM, SIOR, Alessandro Conte, CCIM, SIOR, Peter J. Murano, Jr., SIOR, and Michael F. Schipper, SIOR of The Blau & Berg Company represented the buyer, American Equity Partners, LLC. The property sits ideally located near Routes 1&9, Route 95, and the port of Newark.
“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!”
“As demand for industrial outdoor storage (“IOS”) in the port region continues to swell, sites like 401 Commerce Road are highly sought after by users and investors alike”, said Michael Schipper, SIOR, Senior Executive Director with The Blau & Berg Company. Schipper added, “This particular site was underutilized and upon presentation, our client immediately saw the value to be had. We were able to secure a tenant for the subsequent lease in short order, as the demand was plentiful.”