NEW JERSEY, CONNECTICUT, MASSACHUSETTS, IOWA, INDIANA AND ALABAMA — Mandelbaum Salsburg P.C., represented Rubenstein Properties of Little Falls, NJ on the sale of a national portfolio comprised of 28 properties to the Silverman Group of Basking Ridge, NJ for a sum of $183 million. The portfolio consisted of more than five million s/f of leasable space for industrial distribution and warehouse use. The properties span across NJ, CT, MA, IA, IN and AL. In addition, Rubenstein Properties sold a property located at 1055 Crossroads Blvd. in Muhlenberg Twp., PA, to the tenant occupying the property for the sum of $14 million.
Among the properties in the portfolio are 10 Park Pl., Butler, NJ; 20-21 Wagaraw Rd., Fair Lawn, NJ; 39 Avenue C, Bayonne, NJ; 101 East Main St., Little Falls, NJ; 114 Beach St., Rockaway, NJ; 1578 Sussex Tpke., Randolph, NJ (units two through five).