McBride RE Corp./CORFAC Int’l. represents buyer of $38 million Sharp Electronics

MAHWAH, NJ McBride Corporate Real Estate/CORFAC International president Robert Tillsley, SIOR, announced that he and two of his McBride colleagues, John D’Amato and David Yao, have represented SITEX GROUP in the acquisition of a 56-acre, 510,000 s/f campus that is comprised of one office building and one industrial building.

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The property is located at 1 Sharp Plaza in Mahwah .

The seller, Sharp Electronics, had occupied the entire property at one time and has leased back 182,000 s/f of facilities. Amazing Savings is a tenant at the property and occupies 208,000 s/f that it had previously leased directly from Sharp Electronics. McBride represented Sharp Electronics in the lease to Amazing Savings.

The McBride team has been retained to market 120,000 s/f of improved office and warehouse space that is available immediately for lease. In addition, the real estate firm is also marketing 23 acres of land for the new owner that can be sold, leased to a build-to-suit occupier or structured as a ground lease to another entity.

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