Real Estate Journal — New Jersey — October 13 - 26, 2017 — 3B
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M id A tlantic
N ew J ersey
As-of-right uses include industrial, warehouse, retail, office and a variety of public space uses 18 acre Ridgefield site finalizing remediation; Offered for redevelopment on Rte. 46 R IDGEFIELD, NJ — The Pfister Site on Rte. 46, at 18.73
business. The site’s 17 current “as-of- right uses,” including indus- trial, warehouse, retail, office and a variety of public space uses, were prospectively expanded recently when the Borough of Ridgefield declared it an “area in need of redevelopment.” “Less than a half-mile from the NJ Tpke. and only four miles from the George Wash- ington Bridge, the Pfister Site is the most exciting real estate opportunity in Ber- gen County,” said Steven Schultz , executive manag- ing director of Newmark
Knight Frank . KevinWelsh , of Newmark Knight Frank believes the demand for e-commerce, fulfillment, food distribution and other NYC service space is virtually insatiable, with current vacancy rates in the Meadowlands sub-market below 4%. Schultz noted that the robust housing market and other inherent attributes of the site, including that plans call for a Bergen-Hudson Light Rail stop at the prop- erty, may lead imaginative developers to envision other possibilities for the site. n
acres one of Bergen County’s largest remaining develop- ment parcels, is finalizing its environmental remediation program and is being of- fered for sale, announced Dr. James Bendelius, president of Pfister Chemical. Bordering the eastern shore of Overpeck Creek, the property was home to the Pfister Chemical factory from the 1930s through the 1990s. “As the owner of the site for more than 85 years, it is extremely gratifying to arrive at a point where it is ready to transition to its next use,” said Bendelius, whose great-grandfather Alfred purchased the site to expand his thriving chemical Sheldon Gross Realty welcomes Bayville resident to sales team WEST ORANGE, NJ — Bayville resident Richard Frankman has joined West directly involved in negotia- tions, statistical analysis, and market research. Frankman has significant experience in property man- agement and maintenance, and has managed and owned multiple buildings. He also has operated an auto body business. His key skills in- clude business and construc- tion management. “For several decades, Rick has successfully acquired and developed properties,” said Sheldon Gross, the firm’s president and CEO. “This background will be tremen- dously beneficial to our clients, particularly when they face challenges that require the talents of a seasoned profes- sional. We’re fortunate to have him on our team.” Frankman current sits on the boards of the Lakewood (NJ) Fire Department and the Alcoholism & Drug Abuse Council of Ocean County. n Richard Frankman O r a n g e - based Shel- d o n Gr o s s Realty as a c o r p o r a t e sales repre- s e n t a t i v e . In his new role, Frank- man will be
Pfister Site aerial on Rte. 46
P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com
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