SHORT HILLS, NJ, July 16th, 2024 –SHORT HILLS, NJ, July 16th, 2024 –The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, has arranged the lease of a ± 21,000 SF industrial space at 475 Division Street in Elizabeth. The 21,000 SF unit, earmarked for distribution, includes a 0.65 AC trailer lot, and is part of a ± 175,000 industrial complex. Blau & Berg’s Jason Crimmins, CCIM, SIOR, Alessandro (Alex) Conte, CCIM, SIOR, and Peter Murano, SIOR operated as the broker for the lease.
Located with close proximity to I-78, US Highway 1 & 9 and the New Jersey Turnpike (Exit 13A), and approximately 2 miles from Newark Liberty International Airport and the Elizabeth port, the location is ideal for last mile distribution.
Jason Crimmins, President of The Blau & Berg Company called the lease a “seamless transaction.” He added, “While the property is in an exceptional location convenient to most of the major, local highways and both the Ports of Elizabeth and Newark, this lease execution is indeed a testament to the unified goal and continuous communication between both the landlord and tenant. The unit included six docks, one drive-in with 20’ clearance off Division Street in the industrial section of Elizabeth. It is not often a unit of this caliber comes available and remains on the market for very long.”
