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37,000 SF of Offices, 41 Apartments Sold

WOODBRIDGE, NJ-The trio of transactions involve office properties here and in Verona, and apartments in Little Ferry.

By Eric Peterson | Updated on May 12, 2008

WOODBRIDGE, NJ-Two office buildings and an apartment complex have all changed hands in three separate deals. The common thread is that the transactions were arranged by brokers from the locally-based Kislak Co.

In the largest of the office building sales, the 24,000-sf asset at 80 Pompton Ave. in Verona has traded for $2.7 million, or about $113 per sf. Kislak VP Joni Sweetwood repped both buyer JG Pompton LLC and seller 80 Pompton Ave. LLC. The four-story building, near Route 23 and I-280, is primarily leased to professional services firms.

“This is the buyer’s second office building acquisition recently,” Sweetwood tells GlobeSt.com. “The new owner is planning some extensive interior improvements to the common areas. The building has 2,000 sf that’s available for lease.”

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