The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently arranged the sale of 21,900-SF industrial building in Wayne, NJ. Jason M. Crimmins, SIOR, CCIM, Alessandro Conte, SIOR, CCIM, Peter J, Murano, SIOR and Michael F. Schipper, SIOR of The Blau & Berg Company represented the seller, WM-3, LLC and the buyer in this transaction. A portion of the building will be used for warehousing of retail goods by the buyer, High Tech Camera, Inc. and the other portion is currently leased by a tenant.
“With a scarcity of quality industrial product for sale in Northern NJ, ownership felt the timing was best to cash out of their investment and look toward other ventures,” said Michael F. Schipper, SIOR of The Blau & Berg Company. “Fortunately, we were able to provide a solution for the Seller, as well as the Purchaser, who will scale into the facility until the legacy tenant vacates.”