150-Oberlin-Avenue-HFF

HFF Brokers Sale of 74,000 SF Industrial Facility in New Jersey

by Amy Works

LAKEWOOD, N.J. — HFF has arranged the sale of an industrial flex facility, located at 150 Oberlin Ave. in Lakewood. Cedar Group of NJ LLC purchased the 74,000-square-foot facility free and clear of existing debt from LNR Property LLC for an undisclosed price. Situated on 6.28 acres, the multi-tenant facility was renovated in 2000 and features 20- to 28-foot clear ceiling heights, nine dock-high doors, nine drive-in doors and 116 parking spaces. Current tenants include Ateres Tzipora, NJPD Plumbing & Heating, Dealmed Medical Supplies and Arc of Ocean County. Michael Nachamkin, Jose Cruz, Kevin O’Hearn and Jordan Avanzato of HFF represented the seller in the transaction.

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