77 Moonachie Avenue, Moonachie, NJ 77 Moonachie Avenue, Moonachie, NJ

MOONACHIE, NJ—Woodmont Industrial Partners has acquired 77 Moonachie Avenue, a 104,000-square-foot industrial building in the Meadowlands industrial submarket in Moonachie, NJ.

“We were attracted to this investment opportunity largely due to the property’s strategic location,” says Eric Witmondt, principal of Woodmont Industrial Partners.  Woodmont says it will continue to seek investment opportunities in the Meadowlands market with similar core and value-add attributes.

Located within 10 miles of the Lincoln Tunnel and George Washington Bridge, the property is in close proximity to Routes 80, 46 and 3. The warehouse is in the heart of the Meadowlands submarket, which remains the strongest submarket in northern New Jersey, and is just 10 miles from the Port of New York/New Jersey.  The property has seven loading dock doors, a new roof, heavy power, ample parking and 14,000 square feet of mezzanine space.

Cushman & Wakefield senior vice president Thomas E. Tucci and associate vice president Thomas Tucci represented the seller in the transaction. Woodmont has not yet responded to a request from GlobeSt.com to identify the seller and disclose the purchase price.