(Read more on the industrial market.)
NEW BRUNSWICK, NJ-Procedyne Corp. had occupied itsheadquarters/manufacturing building at 11 Industrial Ave. foryears, and when it came time to renew its lease, the company endedup buying the building instead. The sale price of approximately $4million factors out to nearly $67 per sf.
The seller and now-former landlord is Industrial Avenue Realty,a local group headed by Larry Berger. The latter was represented inthe transaction by Zimmel Associates of Edison, , specifically thefirm's president, David Zimmel; the buyer was represented byprincipals Shalom Babad and Sam Rothman.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
