FLORHAM PARK, NJ–HFF has completed thesale of a nine industrial buildings in port areas for AvidanManagement. The portfolio comprising a total of 2.6 million squarefeet, mostly warehouse and flex office space in northern NewJersey, was purchased by an affiliate of Cohen AssetManagement for an undisclosed amount.

The properties located in South Brunswick, Edison, Elizabeth andBayonne are 98 % occupied. They includes a mix of bulkdistribution, light industrial space, cold storage and officespace, according to Florham Park-based HFF.

“This transaction represents one of the largest sales ofindustrial property in northern New Jersey in the past severalyears,” says Michael Nachamkin, who led the HFFinvestment sales team that made the deal. “Theland-constrained, infill locations have a long history of steadytenant demand including port-driven exporters and importersrequiring key locations in close proximity to the Port of NewYork/New Jersey in Elizabeth, Newark and Bayonne.”