Cushman & Wakefield Brokers $12.1M Sale of 207,000 SF Industrial Space in Northern New Jersey

by Jaime Lackey

NORTHVALE, N.J. — Cushman & Wakefield’s Metropolitan Area Capital Markets Group arranged the $12.1 million sale of 207,193 square feet of industrial space on 16.3 acres at 251 Union St. Pantheon Properties, which owns and develops a portfolio of properties in New York and New Jersey, sold the fully occupied property to a private investment group led by Duvi and Tuli Blumenberg. The building had been fully renovated by Pantheon. Cushman & Wakefield’s team included Andrew Schwartz, Andrew Merin, David Bernhaut, Gary Gabriel, Ryan Larkin, all from the East Rutherford, N.J.-based Metropolitan Area Capital Markets Group, as well as Andrew Siemsen from the Iselin office.

You may also like