NEW JERSEY — The Blau & Berg Company has announced two recent sales in New Jersey.
The former Wells Fargo office space at 515 Union Ave. in Totowa has sold. The ±95,800 s/f space is slated for conversion to self-storage.
John Longo, senior director with The Blau & Berg Company, represented the buyer, CE Development Management, the development arm of Taylor Theus Holdings. CE Development, a national self-storage developer, has approvals to convert the property.
“Taylor Theus Holdings plans to begin construction this spring to convert the former office building to self-storage,” said David Ellison, managing director, and chief development officer with Taylor Theus Holdings. “We have been working with John Longo, with Blau & Berg, for a number of years identifying sites in the NJ market and are very excited about this project, which would not have been possible without John’s persistence and expertise.”
The Blau & Berg Company has negotiated the lease of a ±4,800 s/f retail space at 1406 Rte. 37 in Toms River. The space was formerly a tire store, and the new tenant is Safelite. Longo represented the landlord. James Leahy of Mohr Partners, Inc. represented the new tenant.
“A retail space with ample bays and freeway visibility was a priority for the new tenant”, said Longo. “Safelite is a national company that knows exactly what it wants, and both James and I were happy to find a retail location that perfectly met their needs.”