X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

VINELAND, NJ-R.A.B. Food Group, whose best-known brand is Manischewitz, has put its 75,000-sf former manufacturing and processing plant at 214 N. Delsea Dr. here on the market for sale. The plant became surplus property after the completion of a multi-million-dollar capital improvement program at the company’s production facility in Newark.

And R.A.B. has tapped Cushman & Wakefield to find a new owner for the single-story plant. Noah Balanoff and Stan Danzig of the firm’s East Rutherford office and John Berenato of the Philadelphia office are heading the assignment. The asset had initially been listed for lease, and is now listed for sale without an asking price.

“This is an opportunity for a developer or a retailer,” Balanoff says. “They would be able to reposition a well-located but obsolete industrial property for another use. The site has a high daily traffic count, and the site’s proximity to a new Wal-Mart Super Center does position it for retail. We’re already seeing interest from regional and local developers, as well as end-users.”

Located on nearly five acres, the facility has frontage along a roadway within this city’s redevelopment area, all of which is already zoned for retail and commercial. The adjacent Wal-Mart Super Center is currently under construction.

The offering comes as R.A.B. Food Group is in the process of changing its corporate identity. Known as the B. Manischewitz Co. for most of its 120-year history, the company became known as R.A.B. Foods in 1998 after an ownership change and the acquisition of additional food brands. Now, the company will become known as the Manischewitz Co.

“The name change…reinforces our heritage and core strength in Kosher and the power of the iconic Manischewitz brand,” says CEO Bruce Bossidy, in a statement.

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

*May exclude premium content
Already have an account?

GlobeSt

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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.