Atlantic Beverage Takes Ownership of Industrial

EDISON, NJ-Cushman & Wakefield Inc. represented Atlantic Beverage Co. in its $7-million purchase of 138,000 square feet of industrial space here at 3775 Park Ave. The company had previously been a tenant at the 507,400-square-foot landmark building–a former L.A. Dreyfus Company manufacturing facility–for 10 years.

In 2008, a joint venture of Tulfra Realty Company, LLC and Hampshire Properties purchased the site from L.A. Dreyfus; Cushman & Wakefield orchestrated the transaction as seller representative. Tulfra subsequently served as in-house representative for 3775 Park Ave.

“Atlantic Beverage found itself in a unique situation as the only tenant at 3775 Park Ave. at the time of the building’s sale,” says Cushman & Wakefield’s James Frank, who headed the team representing Atlantic Beverage. “This particular property is ideally suited for the company–rather than relocate, our client took advantage of the opportunity to own its facility.