(Read more on the multifamily market.)
CARLSTADT, NJ-The 113,000-sf, single-story warehouse buildinglocated at 333 Starke Rd. here has been sold for $13.8 million, asale price that factors out to just more than $122 per sf. Theseller was Baker Properties of Pleasantville, NY, the commercialdivision of homebuilder Baker Cos. The buyer was BlackRock, theglobal investment manager which has its North American headquartersin New York City.
The building is currently fully leased to Heritage Brands, amanufacturer of laundry detergents and household cleaning productsthat has its headquarters offices in another nearby building. The40-year-old privately held Heritage Brands has been the soleoccupant of 333 Starke Rd. since the building was built in themid-1970s.
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