BLOOMFIELD, NJ-Jones Lang LaSalle has been appointed exclusive sales agent for a 16.5-acre redevelopment site located at 192 Bloomfield Ave. here--one of the largest redevelopment sites in the area. The property, currently home to a multi-building manufacturing plant totaling 400,000 square feet, is located half a mile south of Downtown Bloomfield and is positioned for residential, retail or mixed-use redevelopment. JLL’s industrial property brokerage team of Robert Kossar, David Knee, Blake Chroman and Chris Hile will manage the marketing and sales process.
Jones Lang LaSalle was retained by the property owner, Hartz Mountain Corp., a pet supply company, which has owned the property since the 1960s and plans to phase out of the plant over an 18-month period, relocating the majority of its manufacturing operations to other facilities it occupies around the country. The firm was formerly a branch of Secaucus-based real estate owner and developer Hartz Mountain Industries, but was sold to investment group J.W. Childs in 2000, although for goodwill purposes it still retains the HMC name.
“The property’s size and strategic location near downtown Bloomfield, major highways and public transportation provides a tremendous opportunity for a successful residential, retail or mixed-use redevelopment project,” Chroman tells GlobeSt.com. “Northern New Jersey is such a densely populated area with very few large land sites available for sale. When a large, well-located property such as this site becomes available, it typically garners significant interest from the development community.”
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