Hackensack, NJ-based NAI James E. Hanson associates JeffreyDeMagistris and Tom Vetter represented Rowland Coffee in thetransaction. Landmark Realty's Richard Harris was the outsidebroker. Terms of the sale, including the acquisition price, werenot disclosed, however an industry source estimates that the assettraded for a number in the $2 million range.
The Miami-based Rowland Coffee "was very pleased with thelocation, as well as by the possibility of future expansion,"according to DeMagistris. "The new owner will utilize the space forgeneral office purposes and to support its warehousing anddistribution needs throughout the metropolitan area.
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