In June 2002, Schultz represented Wall Complex LLC as the buyer in the initial deal. The new owner tapped the firm as exclusive leasing agent for the property, and Steven M. Schultz, principal, and Olesya Orlova, associate, recently found an apparel company that indicated a desire to acquire the facility rather than lease it.
Company officials declined to release details of the second transaction, and would not identify the buyer other than to describe the new owner as an apparel company that plans to use the facility for silk-screening operations. Steven Schultz would say only that the second sale "made good business sense." This time, Schultz represented the owner in the sale.
"This sale points to the underlying strength of the industrial market in New Jersey," Schultz says. "With interest rates at historic levels and consistent demand among investors, this market is expected to continue to lead the state's business recovery."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.