Fc, NJ — In an $8.75 million transaction, a warehouse and distribution facility just off Rte. 46 in Fairfield was recently acquired by Ridgewood-based The Stro Companies. sheldon gross realty executive vice president Bob Nathin brokered the deal on the 77,983 s/f structure. For Sheldon Gross Realty, the 140-142 Clinton Rd. transaction followed by about 17 months a separate, $34 million deal involving seven buildings at various Fairfield locations. This 2019 transaction was brokered by Nathin, and all properties involved – as is also the case with the warehouse at 140-142 Clinton Rd. – had been managed for more than two decades by Sheldon Gross Realty president Marcy Gross. “In less than two years, we’ve sold nearly 400,000 s/f of commercial real estate in Fairfield,” Nathin said. “These deals demonstrate what an exceptional location this township is for a wide range of businesses. Fairfield offers exceptional warehousing, office, and industrial structures in suburban Essex County, right on the border with Morris County, and a 30-minute drive from midtown Manhattan. It doesn’t get much more attractive than that.” In addition to being just off Rte. 46, the recently-purchased warehouse is only a five-minute drive from Rte. 80, and less than 20 minutes from the Garden State Pkwy. “Being responsible for maintaining and managing leases on these various Fairfield locations for more than two decades, we knew just about everything there was to know about them,” Gross said. “That made the various transactions reasonably straightforward, since we could quickly answer any question that arose.”
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