Mid Atlantic Real Estate Journal — New Jersey — September 13 - 26, 2013 — 17B


N ew J ersey

Fairfield Corporate Park, Fairfield, New Jersey

Lombardi listed on behalf of the seller Marcus &Millichap inks sale of 13,082 s/f prop. for $2.9m


VENEL, NJ — Mar- cus & Mi l l ichap Real Estate Invest-

FOR LEASE 32,000 Square Foot Industrial Building

ment Ser- vices has announced the sale of Family Dol- lar & Mo- saic Spa, a 13 , 082 s / f retail prop- erty located

* Warehouse/Manufacturing * 6,000 Square Feet Office – Can be reduced * 20 Ft Ceiling Height / 4 Tailgate Doors / 60+ Car Parking * Attractive rental rates and terms available.

S HELDON GROSS REALTY, INC. REALTORS Ɣ Corporate Real Estate Services 80 Main Street, West Orange, NJ 07052 Tel.#973-325-6200 - Fax.#973-325-9090 E-mail: sgross@sheldongrossrealty.com

Michael Lombardi

inAvenel, according to Ryan Nee , regional manager of the firm’s New Jersey office. The asset sold for $2.9 million. Michael Lombardi , a senior associate in Marcus & Millichap’s New Jersey of- fice, had the listing to market the property on behalf of the seller, a developer. Lombardi also represented the buyer, a private investor. Family Dollar & Mosaic Spa is located at 1392 St. Georges Avenue in Avenel, NJ. This retail investment was recently renovated in 2012, which consisted of a new roof and parking lot. The two established busi- nesses occupying this prop- erty call for a stable invest- ment for the following years to come due to the growing population in the surround- ing area. n Industrial Investments leases 29,822 s/f in Glassboro, NJ GLASSBORO, NJ — In- dustrial Investments, Inc. of Blue Bell, PA announced that it had recently signed a new lease for 29,822 s/f of industrial space at its Route 55 Industrial Center located in Glassboro with Mochila Fulfillment, LLC. Mochila Fulfillment, LLC is headquartered in Seattle, Washington and special- izes in the warehousing and distribution of consumer packaged goods and cosmetic products. Marc Isdaner , senior vice president and principal of Colliers International , represented Mochila Ful- fillment in the transaction. Michael Bown , project manager and principal of Industrial Investments, Inc., represented the property’s owner in this transaction. n

13,082 s/f retail property located in Avenel

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