The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, has brokered the sale of a ±95,800 SF office space at 515 Union Ave, in Totowa. The space is slated for conversion to self-storage.
John R. Longo, Senior Director with The Blau & Berg Company, represented the buyer, CE Development Management, the development arm of Taylor Theus Holdings. CE Development, a national self-storage developer, has approvals to convert the former Wells Fargo office space.
“Taylor Theus Holdings plans to begin construction this spring to convert the former office building to self-storage,” said David Ellison, Managing Director, and Chief Development Officer with Taylor Theus Holdings. “We have been working with John Longo, with Blau & Berg, for a number of years identifying sites in the NJ market and are very excited about this project, which would not have been possible without John’s persistence and expertise.”