Cushman & Wakefield arranged the sale of a 73,277-square-foot, two-building portfolio and an adjacent 2.1-acre laydown yard located in Linden, according to a Monday announcement.
Cushman & Wakefield’s Gary Gabriel, Kyle Schmidt and Seth Zuidema represented the seller, Hub Realty, and procured the buyer, Modlo, in the transaction.
“This portfolio is ideal for the diverse tenant base that calls Linden and the Greater New Jersey Port Market home,” Schmidt stated. “Functional building designs, a two-acre Industrial Outdoor Storage (IOS) parcel and significantly below market leases made for a compelling opportunity.”
The portfolio consists of a 46,674-square-foot industrial building, a 26,602-square-foot industrial lab and an adjacent 2.1-acre land site used as a laydown yard located at 1301 & 1401 West Blancke Street and 1312-1340 West Elizabeth Avenue.
Located minutes from Exit 13 on Interstate 95, with connectivity to Interstate 78 and Routes 22, 1 and 9, the portfolio is less than 10 miles to the Port of New York / New Jersey and Newark International Airport.