975 East Linden Ave. in Linden — Courtesy: NAI James E. Hanson
By Joshua Burd
An investment manager has added to its growing New Jersey real estate portfolio, acquiring a 12,000-square-foot industrial property some 10 miles from Port Newark-Elizabeth.
The buyer, Realterm, paid an undisclosed price in the deal at 975 East Linden Ave. in Linden, according to brokers with NAI James E. Hanson. Its newest property in the state is a 28-door cross-dock truck terminal on a 1.61-acre site off Route 9, providing quick access to the New Jersey Turnpike and the Port Newark Container Terminal.
NAI Hanson’s Scott Perkins, Chris Todd and William Ericksen represented the buyer, which targets facilities serving the transportation industry, in the transaction with Valley Real Estate.
“At the core of our team’s success stands a time-tested ability to leverage our local expertise to drive results on behalf of our clients,” Todd said. “Even though finding industrial properties in the current market can be difficult, we were once again able to help a client achieve their real estate goals and enhance their portfolio in the New Jersey market.”
