8B — September 11 - 24, 2020 — Northern New Jersey — M id A tlantic Real Estate Journal


N orthern NJ

Capital Moving & Storage Co. Inc. lease of ±52,000 s/f industrial space The Blau & Berg Co. arranges the sale of ±110,000 s/f industrial building to Jersey City Logistics S

HORT HILLS, NJ — The Blau & Berg Com- pany , a commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently arranged the sale of the ±110,000 s/f building in Jersey City to Jer- sey City Logistics, LLC and the lease of ±52,000 s/f of that in- dustrial space to Capital Mov- ing & Storage Company Inc. David Thomas and Chris- tian Walsifer of The Blau & Berg Company represented the seller, buyer/landlord, and ten- ant. The ±110,000 s/f building has ±105,000 s/f of warehouse, ±5,000 s/f of office with 12 drive-

20 Linden Avenue East, Jersey City

in bays, 16’ ceilings and close proximity to Newark Liberty International Airport. “We work hard to ensure our clients have a smooth transi- tion into a new location for both the landlord and the tenant and this transaction was seamless,” said David Thomas, executive director for The Blau & Berg Company. “Using our many years of experience, you can be sure that care and guidance you receive fromus is superior.” In a third transasaction, The Blau & Berg Company brokered the sale of ±27,000 s/f industrial/flex building from Mills Real Estate Ventures, LLC to MDB LLC. Jason Crimmins, Alessandro Con- te, Peter Murano, Jr. , and Michael Schipper of The Blau & Berg Company represented the seller in this transaction, while Craig Fensler of KW Commercial represented the buyer. This property is located just off Rte. 206 in the bustling business and residential com- munity of Hillsborough in Som- erset County. The 22’ clear with 10 drive-in doors building has easy access from Rtes. 1, 22, 206 and Interstates 78 and 287. “Our team prides itself on the ability to work dynamically with clientele throughout the country and this transaction proved to be no different,” says Michael Schipper, senior director for The Blau & Berg Company. “The level of trust bestowed upon us by our out of state client to assist in the divestiture of their asset leased to a publicly traded entity was a fantastic opportunity, which was facilitated by our rigorous marketing efforts and expan- sive customer base. The central 287 corridor has found a resur- gence of interest as of late, and we are excited to contribute to its growth.” MAREJ

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