Totowa, NJ — Jason Levy and Jeffrey Fulton, vice presidents at Team Resources announced the sale of a 52,000 s/f warehouse/industrial building located at 657 Union Blvd. in Totowa to an affiliate of Snowball Developments LLC. Snowball Developments, a private real estate investment firm based in Brooklyn NY, saw an opportunity to break into the highly sought-after Totowa area industrial market and will be executing a business plan to upgrade and lease the property.
Levy and Fulton have been tasked with handling the leasing of the building, which sits on 3+ acres and features abundant parking and heavy power. Located directly off Route 46 and Exit 55 of Route 80, the site is ideal for both manufacturing and distribution to local, regional, and national customers.
“This property adds to Snowball’s growing presence in Northern New Jersey as a light industrial owner/operator”, said Levy.