David Stifelman, David DeMatteis and Geoffrey Silverstein of Cushman & Wakefield of NJ, East Rutherford, arranged the acquisition for the new owner. Ken Abdy if Abdy Realty represented the seller. The terms of the sale, including the price, were not disclosed.
The trio from Cushman & Wakefield is also marketing for sale the two facilities that the Northern New Jersey Teamsters Benefit Plan will vacate. The first, located nearby at 830 Belmont Ave., is currently under contract. The second, at 1 Cardinal Drive in Little Falls, NJ, has just been put on the market.
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