X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OAKLAND, NJ-Crown Equipment Corp., which makes heavy-duty electric lift trucks, has purchased a 42,000-sf build-to-suit facility within Oakland Industrial Park. The seller was the developer of the asset, Ropper LLC of Wayne, NJ.

Steve Elman and Fred Brunswick of Cushman & Wakefield of New Jersey, East Rutherford, brokered the sale on behalf of Crown Equipment. Neither the terms of the transaction nor the sale price were disclosed.

Crown Equipment is a 56-year-old, family-owned company headquartered in New Bremen, OH. The company will use the facility to consolidate and expand operations that have been located in Elmwood Park and West Paterson, NJ. “Our client wanted a custom-built corporate facility in northern New Jersey, with easy access to the state’s eastern and western regions, as well as to New York State,” according to Elman.

Situated on a four-acre site, the single-story structure is the second one that has been built by Ropper LLC within Oakland Industrial Park. The company previously developed a 70,000-sf building, and currently owns a 30,000-sf structure there as well.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.