Weiss Realty Acquires Industrial Facility in Northern New Jersey for $30M

FAIRFIELD, N.J. — Weiss Realty has acquired the Fairfield Business Center, a seven-building industrial/flex complex totaling 336,220 square feet and located on 16.8 acres in Fairfield. The sales price was $30 million. Fairfield Business Center was 88 percent leased to 61 tenants at the time of sale. Andy Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt and Kubby Tischler of Cushman & Wakefield represented the seller, Denholtz Associates, in the transaction. Denholtz Associates had owned the property since 1999.