Prime 97,000-square-foot industrial property in N.J. changes hands in a major real estate
A fully leased industrial property in Clifton has sold to The Silverman Group, marking another transaction in northern New Jersey’s competitive industrial real estate market.
The Route 3 Industrial Park, consisting of two buildings totaling 97,145 square feet at 31 and 35 Styertowne Road, was acquired from Longpoint Partners.
Cushman & Wakefield’s Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema represented the seller in the transaction.
The sale price was not disclosed.
The multi-tenant property sits on 4.5 acres just off Route 3 near the New Jersey Turnpike, Interstate 95, Interstate 80 and Routes 46 and 21.