CORNERSTONE ACQUIRES 168,000 SF INDUSTRIAL BUILDING IN MOONACHIE

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MOONACHIE, N.J. — Cornerstone Real Estate Advisors has acquired 115 Moonachie Ave., a 168,000-square-foot industrial building in Moonachie. The property is fully leased to three tenants and is anchored by Lindenmeyr Munroe, one of the largest privately held paper companies. The seller, Russo Development, constructed the property in 2000 and the building features 28-foot clear ceiling heights and a brick-clad facade. Jeffrey Dunne, Kevin Walsh, Brian Schulz and Bill Waxman of CBRE Group represented the seller in the transaction. They also procured the buyer.

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