20 — November 2024 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
Food occupier of gourmet pastries, coffee & tea to occupy space Simon & Gerace of NAIDB arrange 30,000 s/f light industrial/flex property acquisition
crafted gour- met pastries, coffee and tea has acquired a 30,000 s/f industrial property in a sale ar- ranged by NAI DiLeo- W
that are part of its East Coast expansion. Since 2008, the Taiwanese-based bakery has opened 70-plus cafes across the United States, including Washington, Oregon, Nevada, Utah, Texas, Hawaii, Arizona and California. “Situated in a corporate park-caliber setting, 8 York Ave. is well positioned in the heart of Northern New Jersey, just about 25 miles west from NYC,” said Gerace. “The prop- erty posed a rare opportunity for a user/investor like 85°C Bakery Café to acquire an industrial asset within one of the area’s most sought-after commercial corridors.” “Our client will be able to use the property as a commercial kitchen for baking fresh and storing finished product. With - in minutes from I-80, I-280, US 46 and Rte. 23, the property offers excellent transportation capabilities,” said Simon. “This buyer’s in-house real estate and due diligence profession- als, along with its third-party legal and consulting advisors, worked persistently to help conclude this transaction. We are fortunate to have partnered with everyone involved and it was a true collaborative effort.” Additional building fea- tures include a new roof, new LED office and warehouse lighting, ceiling heights above 23 feet and five tailgate load - ing doors. The single-tenant building was formerly oc- cupied by an electronic parts and accessories distributor. Established on the premise that 85°C is the optimal tem- perature to serve coffee, 85°C Bakery Café’s first US store opened in 2008 and its first cen - tral kitchen began operating in 2013. In addition to selling coffee, tea and cakes, each 85°C Bakery Café offers desserts, smoothies and an extensive menu of bakery products. John Kuhn and Jeffrey Rosenberg of Commer- cial Property Agents, LLC represented the seller in the transaction. NAI Global completes in ex- cess of $20B in worldwide com- mercial real estate transactions annually. Leveraging the pow- erful support of the NAI Global platform, NAIDB offers a full suite of CRE services backed by the personalized service and knowledge of a local firm with the resources of a global company. MAREJ
age facility for 85°C Bakery Café, which will debut two new retail locations in Cherry Hill and East Hanover. NAIDB’ s
EST CALDWELL, NJ — A global brand of hand-
COO David Simon and associate vice president Kyle Gerace represented the food oc-
David Simon
Kyle Gerace
cupier in the acquisition. Simon noted the buyer will utilize the single-story light industrial/flex property as its primary hub for servicing retail-store openings
Bram & Co. (NAIDB) of Woodbridge. The property, which is located at 8 York Ave., in West Caldwell, will serve as a warehousing/stor-
8 York Ave., West Caldwell, NJ
DEPENDABLE REAL ESTATE SOLUTIONS Celebrating more than 85 years of offering
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