realestate

97,000‑sq‑ft NJ industrial asset sold in major real‑estate deal

Route 3 Industrial Park acquired from Longpoint Partners.

C
ushman & Wakefield announced in November that it brokered the sale of the Route 3 Industrial Park, a fully leased two‑building complex in Clifton, N.J. The 97,145‑square‑foot property at 31 and 35 Styertowne Road was bought by The Silverman Group from Longpoint Partners. Cushman & Wakefield’s Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema represented the seller. The sale price was undisclosed. Located on 4.5 acres just off Route 3 near the New Jersey Turnpike, I‑95, I‑80, and Routes 46 and 21, the site highlights the robust demand in northern New Jersey’s industrial market.

97,000‑sq‑ft New Jersey industrial warehouse sold in major deal.