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UNION, NJ-A buyer described only as “a prominent New York real estate investment company” wants to buy 650 Liberty Ave., a 340,000-sf office/warehouse building here. The only thing missing is the acquisition funding, and the potential buyer has signed New York-based Carlton Advisory Services Inc. to arrange a $15 million, fixed-rate mortgage. The current owner of the property was not identified.

The anchor tenant for the asset is the headquarters operation of Bed Bath & Beyond, the national chain of domestics and home furnishings stores. The company, which has some 425 stores ranging between 30,000 and 80,000 sf, was founded in 1971 and generates $10 billion in annual sales.

For Carlton Advisors, chairman Howard Michaels and senior vice president Jason Cohen are handling the assignment. The 11-year-old firm has consummated more than $11 billion worth of transactions in the last four years.

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