200 Grand Ave. in Hackettstown — Courtesy: The Goldstein Group
By Joshua Burd
A global food safety business has acquired the former site of an M&T Bank branch in Hackettstown, in a newly announced deal by The Goldstein Group.
Brokers say the buyer, Karoun Holdings LLC, does business as IEH Laboratories & Consulting Group and plans to use the 5,000-square-foot building as its third location in New Jersey. The Goldstein Group Principal Neil Goldstein and Sales Associate Roy Paret represented both the seller, M&T Bank, and the buyer in the transaction at 200 Grand Ave., about a block from Route 46.
Terms were not disclosed.
In announcing the deal, the brokerage firm noted that IEH Laboratories was founded in 2001 and is family-owned and -operated. The company works with food companies to design, implement and monitor food safety and quality systems, operating more than 60 locations worldwide.
