Search
 

Hop Industries Buys 76,600-SF Building

LYNDHURST, NJ-The plastics maker now owns the building it initially leased as part of a headquarters move. A $7-million loan has completed the deal.

By Eric Peterson | Updated on October 23, 2007

LYNDHURST, NJ-Hop Industries, a supplier of plastic film, sheeting and related products, has acquired the 76,600-sf building it had initially leased as part of a relocation from Garfield. The single-story building, consisting of warehouse, manufacturing and office space, is located at 1251 Valley Brook Ave.

The identity of the seller was not disclosed; the sale price was $8.8 million, or about $114 per sf. The building had at one time been fully occupied by a regional division of YKK USA Inc., which itself has relocated within the Northern New Jersey region.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.