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WALL, NJ-The Schultz Organization/TCN Worldwide, based in Woodbridge, NJ, has arranged the sale of a 144,000-sf flex facility here, marking the second sale of the building within the last year. Schultz played a role in completing both transactions.

In June 2002, Schultz represented Wall Complex LLC as the buyer in the initial deal. The new owner tapped the firm as exclusive leasing agent for the property, and Steven M. Schultz, principal, and Olesya Orlova, associate, recently found an apparel company that indicated a desire to acquire the facility rather than lease it.

Company officials declined to release details of the second transaction, and would not identify the buyer other than to describe the new owner as an apparel company that plans to use the facility for silk-screening operations. Steven Schultz would say only that the second sale “made good business sense.” This time, Schultz represented the owner in the sale.

“This sale points to the underlying strength of the industrial market in New Jersey,” Schultz says. “With interest rates at historic levels and consistent demand among investors, this market is expected to continue to lead the state’s business recovery.”

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