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Cushman & Wakefield Orchestrates Competitive Bid Industrial Sales

NEWARK/LINDEN/EDISON, NJ—“These properties are ideally situated at the heart of New Jersey's Greater Port Region, benefiting from proximity to the largest East Coast port, Newark-Liberty International Airport, and the New York Metropolitan Area's 23.4 million consumers,” says Gary Gabriel of Cushman & Wakefield.

By Steve Lubetkin | stevelubetkin | Updated on February 10, 2017

Properties in the portfolio auctioned by Cushman & Wakefield, clockwise from upper left: 191 Talmadge Road, Edison, NJ; 1026 W. Elizabeth Avenue, Linden, NJ; 158 Paris Street, Newark, NJ; and 183 and 185 National Road, Edison, NJ Properties in the portfolio auctioned by Cushman & Wakefield, clockwise from upper left: 191 Talmadge Road, Edison, NJ; 1026 W. Elizabeth Avenue, Linden, NJ; 158 Paris Street, Newark, NJ; and 183 and 185 National Road, Edison, NJ

NEWARK/LINDEN/EDISON, NJ—Reflecting the New Jersey industrial market’s ongoing strong investment appeal, Seagis Property Group, DII Enterprises, and the Opper Group are walking away with five buildings totaling 343,000 square feet in Newark, Linden and Edison, the result of a competitive bidding process orchestrated by Cushman & Wakefield’s Metropolitan Area Capital Markets Group.

Seagis Property Group purchased two Port Newark buildings. The properties – at 158 Paris Street in Newark and 1026 West Elizabeth Ave. in Linden – total 101,000 square feet and are 98 percent occupied. In Edison, discount variety store chain DII Enterprises purchased a two-building complex at 183 and 185 National Road. The owner/occupier will ultimately use the 120,000-square-foot site as a regional distribution center, once tenant leases expire. DII Stores are located throughout the New York and New Jersey metropolitan area.

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