SECAUCUS, NJ-The free-standing, 45,000-square-foot LAFitness Meadowlands building in Secaucus traded this weekfor $16.4 million, GlobeSt.com has learned. One Liberty Propertiespurchased the property from Hartz Mountain Industries, and Cushman& Wakefield handled the transaction.
C&W's Metropolitan Area Capital MarketsGroup members Andrew Merin, David Bernhaut, GaryGabriel and Jared Zimmel orchestrated thesale of the LA Fitness facility at 485 Harmon Meadow Blvd.
“Income surety and an infill location were the keys to thedeal,” Gabriel tells GlobeSt.com. “In a marketplace where investorsare somewhat mindful of risk, we could provide an opportunity thatdid not mean much risk.”
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