CARTERET, NJ-HFF has announced that it has closed on the sale of 700 Blair Road, a 234,325-square-foot, single-tenant, light industrial building here. The Hampshire Companies of Morristown, NJ acquired the property for what HFF states was in excess of $10 million.
HFF of Florham Park marketed the property on behalf of the seller, GP 700 Blair Road, LLC, and procured the buyer. 700 Blair Road is fully leased to, and functions as the corporate headquarters for Berjé Inc., a global leader and distributor of essential oils and aromatic chemicals. The recently renovated property is situated on 12.41 acres close to Interstate 95/NJ Turnpike, Newark Liberty International Airport and Port Elizabeth/Newark.
The HFF team representing the seller was led by managing director Michael Nachamkin, along with senior managing director Jose Cruz, managing director Kevin O'Hearn and real estate analyst Marc Duval.
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