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Kislak Brokers Sale of Newark Industrial Property

NEWARK-A 101,000-square-foot industrial warehouse building here fetched $1.7 million in a sale orchestrated by the Kislak Co.

By Maria Wood | Updated on July 10, 2009

NEWARK-The Kislak Co. orchestrated the $1.7-million sale of a circa-1940 warehouse building at 194-204 N. 12th St. here. Kislak VP Jonathan Greenberg and sales associate Scott Davidovic represented the seller, the long-time owner of the property. Greenberg also represented the buyer, a private investor.

The five-story, 101,000-square-foot building has ceiling heights ranging from 13 to 18 feet, a 4,000-pound-capacity freight elevator, a small office area and six loading doors.”The sale of this property illustrates both the strength of the New Jersey industrial market and the reality that deals are closing in the state,” says Jeffrey Wiener, Kislak’s president and co-managing director, in a statement. “The purchaser of this property was looking for a value-added play and this was a perfect opportunity.”

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