HFF announces $51 million sale of Northern New Jersey industrial building
TOTOWA, NJ — Holliday Fenoglio Fowler, L.P. (HFF) announced the $51 million sale of 700 Union Blvd., a 382,596 s/f, newly constructed industrial building in the Northern New Jersey community of Totowa. The HFF team marketed the property on behalf of the seller, The Hampshire Companies. The property was marketed along with a $146.85-million, six-building industrial portfolio totaling 1.2 million s/f in Northern New Jersey, the sale of which was closed by HFF in 2017. Situated on 26 acres, 700 Union Blvd. is just off Interstate 80 and less than 13 miles from the New Jersey Tpke., which provides easy access to the rest of the northern part of New Jersey and New York City. The single-story building was completed in 2018.