CLARK, NJ — Denholtz Associates has acquired a 10-building, 283,201-square-foot mixed-use portfolio in Clark, NJ, for $22.15 million.
The East Rutherford, NJ-based Cushman & Wakefield's Metropolitan Area Capital Markets Group team of Andrew Merin, David Bernhaut, Gary Gabriel and Nicholas Karali represented the seller and procured the buyer.
“The sale provides the new ownership with upside potential from redeveloping portions of the property as tenants roll over,” says Karali. “L'Oreal is exploring the potential of constructing its own facility across the street, which would create further opportunity for redevelopment.”
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