Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

UNION, NJ-In Toons LLC, an automotive electronics dealer, has acquired a 122,500-sf facility here. The Duerr Tool & Die Co. sold its warehouse and headquarters office.

The facility will serve the company’s two existing retail locations in Central New Jersey. The transaction was arranged by first vice president Lou Belfer, vice president Scott Belfer and SVP Mindy Lissner of CB Richard Ellis, representing the seller. The sale price was not disclosed. Duerr will be moving its headquarters to another location in the region, the site of which hasn’t been formally announced.

“We were able to achieve Duerr’s real estate objective in this stragetic disposition,” Lou Belfer says. “It should also prove to be an advantageous location for In Toons.”

The asset, located at 1135 Springfield Rd., is a six-year-old building that includes 21,000 sf of office space with a two-story atrium. The property also includes an air-conditioned manufacturing section in the warehouse portion of the building.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.