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| Michael Nachamkin |
FLORHAM PARK, NJ – HFF announced it has closed the $19.5
million sale of a 212,000-square-foot industrial facility, formerly Daffy’s
Distribution Center, located on 20 acres in Secaucus, New Jersey.
HFF arranged the sale on behalf of the Sitex Group,
LLC. The property was acquired by MEPT,
a $7 billion real estate equity fund advised by Bentall Kennedy.
The high profile site is located on Daffy’s Way within a
triangle made up of the Lincoln Tunnel toll road (New Jersey Route 495), New
Jersey Route 3 and the New Jersey Turnpike, one of the most trafficked
thoroughfares in the U.S. providing access to various localities in New Jersey,
Delaware, Pennsylvania and New York.
The location is 12.3 miles north of Newark Liberty
International Airport and Port Newark/Elizabeth and less than five miles from
Midtown Manhattan.
The HFF investment sales team was led by managing director Michael
Nachamkin.
“Our team is very pleased with the results of the sale and
is excited about the opportunity to build a new working relationship with a
great institutional investor,” said Brian Milberg, principal of
Sitex.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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