According to Waxman, the building is a fully-racked garment distribution facility with close proximity to the Holland Tunnel, Newark Liberty International Airport and the ports of Newark and Elizabeth, NJ. Its features include 30- by 50-foot column spacing, 20-foot clear ceilings, 28 dock doors and parking for 150 vehicles.

"We expect demand for this building to be high," Waxman says.

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