The Blau & Berg Company Secures Sale of Two Warehouses Totaling ±35,000 SF on Market Street, Kenilworth

SHORT HILLS, NJ, January 29, 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 sale of two warehouses at 80-100 Market Street, Kenilworth.  Tamara Blau and Brad Jacobs, both Senior Directors with The Blau & Berg Company, represented the seller.  The buyer, PSEG, was represented by Colliers.

The two adjacent warehouses were sold in an off-market deal.  80 Market Street is ± 25,000 SF while 100 Market Street totals ± 10,000 SF.  Both locations are earmarked for demolition, as PSEG will be using the property to expand the electrical grid.  PSEG will use the location to eventually add to an existing substation.

“It’s not often you see warehouses getting demolished in the Northeast,” said Brad Jacobs of Blau & Berg.  “However, for this transaction the ability to expand and better support their customers was a true power play for PSEG.”