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| 700 Blair Road, Carteret, NJ |
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| Michael Nachamkin |
FLORHAM PARK, NJ – HFF announced today that it has closed
the sale of 700 Blair Road, a 234,325-square-foot, single-tenant, light
industrial building in Carteret, New Jersey.
HFF marketed the property on behalf of the seller, GP 700
Blair Road, LLC, and procured the buyer, The Hampshire Companies. The purchase price was in excess of $10
million.
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| Jose Cruz |
700 Blair Road is fully leased to, and functions as the
corporate headquarters for Berjé Inc., a global leader and distributor of
essential oils and aromatic chemicals with more than 60 years of experience
supplying the flavor, fragrance, pharmaceutical and allied trades.
The recently renovated property is situated
on 12.41 acres close to Interstate 95/NJ Turnpike, Newark Liberty International
Airport and Port Elizabeth/Newark.
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| Kevin O'Hearn |
The HFF team representing the seller was led by managing
director Michael Nachamkin along with senior managing director Jose
Cruz, managing director Kevin O’Hearn and real estate analyst Marc
Duval.
The Hampshire Companies is a full-service, private real
estate firm with equity in assets valued at more than $2.5 billion, based in
Morristown, New Jersey.
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| Brickell Avenue skyline, Downtown Miami, FL |
The Hampshire
Companies is a vibrant, dynamic organization that combines creative vision and
superior execution, thereby enabling it to create and enhance value in real
estate investments. www.hampshireco.com.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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