KEARNY, NJ — The Blau & Berg Company announced today the sale of a 100,400 s/f industrial warehouse distribution facility located at 76-104 Third Ave. in Kearny. Jason Crimmins, CCIM, SIOR, Kenneth Crimmins, CCIM, SIOR and Michael Schipper, director, represented the seller, LTL-RE Holding, LLC.
The property consists of four units on 5.4 acres, including 86,040 s/f of warehouse space and 12,840 s/f office. The property boasts an abundance of improved land for outdoor parking and storage, providing an attractive opportunity for tenants in need of warehousing with a highly sought-after land component. “Demand for industrial space in New Jersey continues to grow with an increased interest in warehouses, logistics and last-mile delivery,” said Schipper. “Situated in an industrial zone in Kearny, and with key upgrades planned by new ownership, this property is an exceptional value-add investment opportunity.”