The Blau & Berg Company announces sale of ±116,000 s/f industrial facility in Linden, NJ
SHORT HILLS, NJ — The Blau & Berg Company has brokered the sale of ±116,000 s/f at 525 West Linden Ave., Linden. Christian Walsifer, CCIM, SIOR, senior executive director, and David Thomas, SIOR, executive director with The Blau & Berg Company represented both the seller and the buyer, Bridge Industrial. The site is a truck dealership and service facility situated on 9.2 acres. It offers abundant parking and outdoor storage and excellent access to Newark Airport, Seaports, and NYC. The building is a fully equipped truck service facility featuring an oil water separator, spray booth, wash bay, and numerous overhead doors.
“The property at 525 West Linden Ave. in Linden is a premier Industrial Service Facility (ISF) in the Port Submarket”, said Blau & Berg’s Christian Walsifer. “Bridge Industrial was aggressive when we presented this rare acquisition opportunity and immediately recognized the value of this location. There are often stringent zoning restrictions and municipal pushbacks when developing low-building coverage sites with a large outdoor storage component. So, when a site with these specifications becomes available, the interest is overwhelming. Bridge is planning many capital improvements to this property which will make it even more attractive for tenants seeking leasing opportunities in this high-demand specialized market.”
In a separate transaction, The Blau & Berg Company has brokered the lease of a new retail location for The Enterprise Center of New Jersey at 60 Park Place in Newark.
The lease was brokered by Christian Benedetto, director of business development for The Blau & Berg Company. This is the 5th brick-and-mortar location for The Enterprise Center, which is a non-profit founded in 1988 focused on providing consulting services, business management education, and funding for minority entrepreneurs. The Enterprise Center operates under the US Department of Commerce Minority Business Development Agency (MBDA) Business Centers in both Pennsylvania and New Jersey.