Search
 

Cracking the Market

ENGLEWOOD, NJ-In one of the largest recent Garden State transactions, Monolith picked up a 171,000-square-foot distribution center for $15.4 million.

By Alyson Grala | Updated on May 07, 2009

ENGLEWOOD, NJ-Monolith Development recently acquired a 171,000-square-foot food distribution center located at 360 South Van Brunt St. here. CB Richard Ellis senior vice president William Waxman spearheaded the transaction on behalf of seller US Foodservice Inc., along with the CBRE marketing team of Chris Reynolds, Mindy Lissner and Nicholas Nitti, while Corporate America Realty & Advisors’ president Howard Applebaum represented the purchaser Monolith Development.

Monolith bought the facility to be used by Monolith-owned Seoul Shik Poom Inc., which bills itself as the largest oriental food distribution and trading company in the US. Of the total 171,000 square feet, the facility contains 22,000 square feet of office space, 12,000 square feet of cooler space and 28,000 square feet of freezer space, with the balance of the main building being dry space. Situated on an approximate eight-acre site, the property also contains a free-standing vehicle maintenance garage. Other features include 26 tailboard doors and high ceilings.

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.