Details of the sale, including the price and the identities of the buyer and seller, were not released. The seller was described by company officials as "a long-time Gebroe-Hammer client."
Seth Pollack, vice president of G-H's commercial division, along with executive vice president Mel Alperstein arranged both the sale and the financing. The financing package included a new first mortgage provided by a Fair Lawn, NJ-based lending institution.
Located in Bergen County in North Jersey, the property is located near route 208, 4 and 46, as well as a New Jersey Transit train station with service to Manhattan.
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