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ENGLEWOOD, NJ-Monolith Development recently acquired a 171,000-square-foot food distribution center located at 360 South Van Brunt St. here. CB Richard Ellis senior vice president William Waxman spearheaded the transaction on behalf of seller US Foodservice Inc., along with the CBRE marketing team of Chris Reynolds, Mindy Lissner and Nicholas Nitti, while Corporate America Realty & Advisors’ president Howard Applebaum represented the purchaser Monolith Development.

Monolith bought the facility to be used by Monolith-owned Seoul Shik Poom Inc., which bills itself as the largest oriental food distribution and trading company in the US. Of the total 171,000 square feet, the facility contains 22,000 square feet of office space, 12,000 square feet of cooler space and 28,000 square feet of freezer space, with the balance of the main building being dry space. Situated on an approximate eight-acre site, the property also contains a free-standing vehicle maintenance garage. Other features include 26 tailboard doors and high ceilings.

The property is located within 2.5 miles of the George Washington Bridge and about 200 yards off of Route 4 West. “One of the famous quotes of the legendary Green Bay Packer’s coach Vince Lombardi that I have used throughout my business and personal life is ‘when the going gets tough, the tough get going,’” Applebaum tells GlobeSt.com. “For this deal, considering the economic environment, it took a lot of hard work by all of the participants of this deal from both sides of the table, and not only the brokers, to make it happen.”

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