12A — December 2025 — Northern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N orthern N ew J ersey
And an additional 5,200 s/f office lease at 401 Supor Blvd. Blau & Berg procures 219,365 s/f industrial space lease
At 150 Pacific Avenue in Jersey City Metz Industrial Group of BRC leases 31,567 s/f
JERSEY CITY, NJ — The Metz Industrial Group (MIG) of Bussel Realty Corp. (BRC) , a leading indus- trial/retail real estate services firm in New Jersey, today an - nounced its leased Unit C-1 – 31,567 s/f at 150 Pacific Ave. in Jersey City, a 350,295 s/f industrial complex, to Cabaret Rentals Inc. Jordan Metz , principal, Benito Abbate , senior as- sociate, and James Friel , sales associate, of the Metz Industrial Group of BRC rep - resented the landlord, Eden Wood Realty Corp, in the transaction. The tenant was represented in-house. “This deal reflects the kind of demand we continue to see for well-located, well-managed industrial product in core New Jersey submarkets,” noted Abbate. “150 Pacific Avenue checks every box for operators that need immediate access to Manhattan and the port markets. Cabaret Rentals is a great fit for the space. We’re
ARRISON, NJ — The Blau & Berg Company announced the successful leasing of 214,165 s/f of prime industrial space at 500 Supor Boulevard and an additional 5,200 s/f office lease at 401 Supor Bou - levard, Harrison. The trans- action was procured by the Blau & Berg team of Jason Crimmins, CCIM, SIOR, Alessandro (Alex) Conte, CCIM, SIOR, Peter Murano, Jr., SIOR, Troy Schaafsma, SIOR, and Dylan Meade . This significant lease repre - sents the latest chapter for the iconic former Supor Industrial Complex, a landmark property in the Harrison/Port Newark submarket with unmatched access to Port Newark, Newark Airport, I-95/NJ Turnpike, and the region’s deepest labor pool. The property is comprised of 37.7 acres, mostly fully fenced H HUDSON/BERGEN COUNTIES — Marcus & Millichap announced the sale of a three-tenant strip center anchored by CVS Pharmacy in Union City. The asset sold for $7.8 million. “Stabilized retail centers in northern New Jersey are always in high demand from the investment community,” said Alan Cafiero , senior managing director in Marcus & Millichap’s New Jersey of - fice. “That is especially true for this asset which is located in the most densely populated portion of the state.” Alan Cafiero, Brent Hyl- dahl, and Devin Perez rep- resented the seller, and along with Dean Matuszewicz , procured the buyer. Located at 4700 Bergenline Ave., the 22,000 s/f strip center is occupied by CVS Pharmacy, a laundromat and a physical therapy use on a roughly 0.92- acre parcel. Marcus & Millichap an- nounced the sale of Apple Mon- tessori School, a single-tenant early education property in Township of Washington, NJ. The asset sold for $7.35 million. “Net lease in northern New Jersey is always in high de - mand, specifically Bergen County,” said Alan Cafiero. “This property was newly built with a 15-year triple net lease, which, along with the
150 Pacific Avenue in Jersey City glad to help deliver another strong outcome for Eden Wood and appreciate the smooth col- laboration from all sides.” Set on 18 acres, 150 Pacific Avenue in Jersey City, New Jersey, is a 350,295-square- foot industrial complex located off Exit 14B of the New Jersey Turnpike with immediate ac- cess to the Holland Tunnel to Downtown Manhattan and I-78. The property features 28-foot-high ceilings, nine loading docks, five drive-in doors, dry sprinklers, 2,000 amps of heavy electric power and five acres of industrial out - door storage space and trailer and car parking. MAREJ
500 Supor Boulevard
and secured, and a total build- ing area of ±650,000 s/f across multiple facilities. The Northern New Jersey industrial market is driven by a consistent logistics demand due to the New York Metro - politan demographics and proximity of the to the Port of New York and New Jersey, the busiest East Coast port. Net absorption turned positive at 1.2 million s/f year-to-date,
with vacancy stabilizing at 8%. As deliveries slow post 2025, experts forecast improved transaction volumes and a flight to quality assets capi - talizing on the region’s 20M+ population within 50 miles. There are office suites and only two remaining indus- trial spaces available at this premier location, a 16,105 s/f and a 94,724 s/f with ceiling heights up to 71’ clear. MAREJ
Marcus & Millichap closes 3 Northern NJ sales totaling nearly $22.5 Million
NAI James E. Hanson completes 15,000 s/f and 3.35-acres in NNJ
147–153 Hudson St. in Hackensack
the landlord, KSPF Holdings, LLC, and R yan Edwards of Menlo Group represented Dentistry for Children in the transaction. In Fairfield, NAI James E. Hanson has negotiated the $8.74 million sale of a 3.35-acre industrial property located at 8 Evans St. . NAI James E. Hanson’s Michael G. Walters, SIOR, executive managing direc- tor, Corporate Services, and Cameron Silverstein , as- sociate VP, represented the seller, Anderson and Vree- land Realty Co. , in the transaction with the buyer, KF Mechanical, LLC. “Our client was in a strong position given the unique util- ity and location of the asset,” said Walters. “Properties like 8 Evans Street rarely come to market, and that scarcity helped drive a highly competi- tive process among qualified buyers.” MAREJ
HACKENSACK, NJ — NAI James E. Hanson has negoti- ated the sale of a two-building 12,589 s/f development site located at 147–153 Hudson St. in Hackensack, to the Housing Development Corp. of Ber- gen County .VP Anthony J. Cassano represented the buyer and seller in the transaction. Located steps from the Ber - gen County Courthouse, the property features 25 on-site parking spaces, 8’ to 10’ ceil- ing heights, and highly visible office space with prominent street signage. Zoned for a wide range of commercial uses, the buyer, which owns the land adjacent to the property, plans to develop affordable housing units at the site. In North Bergen, NAI James E. Hanson negotiated a 2,411 s/f lease with Dentistry for Children at 7500 Bergenline Ave. VPs Darren Lizzack, MSRE, and Randy Horning, SIOR, MSRE , represented
Strip center anchored by CVS Pharmacy in Union City
location, attracted the buyer to the asset.” Alan Cafiero, David Cafiero and John Moroz represented the seller and procured the buyer. The newly constructed, 10,000 s/f Apple Montessori School at 95 Linwood Ave. features an in-ground outdoor swimming pool, 5,000 s/f of dedicated playground space, and a covered drop-off area, situated on a 1.5-acre parcel with 33 parking spaces. Marcus & Millichap an- nounced the sale of Union Avenue Retail Center, a 21,897-square-foot center in Rutherford for $7.35 million. “Stabilized retail centers in Bergen County consistently achieve significant investor demand,” said Alan Cafiero, se - nior managing director invest-
ment in Marcus & Millichap’s New Jersey office. “Our team had nearly 10 offers on this property and ultimately closed with a local, cash buyer.” Alan Cafiero, David Cafiero and John Moroz represented the seller and procured the buyer. Located at 308–314 Union Ave., the single-story, seven- unit property was built in 1925 and renovated in 2019 on a 1.9-acre parcel. The center is anchored by Dunkin’ and Kiddie Academy, with other tenants including Three Star News Stand, Next Big Coder, Master Park’s and Laundry Guy’s. The site features a 111-space parking lot, sits less than one mile from the NJ Transit Rutherford Station and is near Route 17, Route 3 and Route 21. MAREJ
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