OAKLAND, NJ—Jones Lang LaSalle completed the sale of the class A, 62,368-square-foot building at 107 Bauer Drive in Oakland, NJ, for Wagner SprayTech Corp., a Minneapolis-based company that manufactures advanced paint applicators. J World Sports Inc., an international backpack and luggage retailer, acquired the warehouse and distribution facility for an undisclosed amount.
Howard Weinberg, executive vice president, and Michael Palmeri, associate, both with JLL, represented Wagner SprayTech. The buyer was represented by Jame Yi with Kingstone Realty.
“J World Sports was looking for more space for its thriving business,” says Weinberg. “Located within Oakland-McBride Technical Park, 107 Bauer Drive offered the backpack and luggage retailer with the expansion space it required in a facility that more than met its needs.”
The single-story 107 Bauer Drive also includes approximately 7,994 square feet of office space. Built in 1976, the facility features 18- to 20-foot ceiling heights, three loading docks and one drive-in door, and 88 parking spaces.
The property is located on 3.06 acres at the intersection of Bauer Drive and Thornton Road, close to Route 208 and Route 287.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
