4219 South Clinton Ave. in South Plainfield — Courtesy: NAI DiLeo-Bram & Co.
By Joshua Burd
A private investor has expanded its holdings in South Plainfield, adding more than 12,000 square feet of industrial space in a portfolio sale arranged by NAI DiLeo-Bram & Co.
The brokerage team represented the seller, Approved Fire Protection, in the roughly $4 million trade at 4219 South Clinton Ave. and 105-114 Saint Nicholas Ave. The deal underscores the continued demand for well-located flex-industrial assets throughout central New Jersey, NAIDB said, noting that the 5,250- and 7,000-square-foot buildings, respectively, are just off Interstate 287 and minutes from the New Jersey Turnpike.
Kyle Gerace and Christopher Chiusolo, vice presidents with NAIDB, and Associate Sweemit Goswami spearheaded the transaction.
“We were thrilled to represent Approved Fire Protection throughout both its expansion and the sale of its 4219 S. Clinton Ave. and 105-114 Saint Nicholas Ave. properties,” Chiusolo said. “The collaboration with the team at Approved was seamless and productive. Finalizing this sale is a key milestone, as it allows them to move forward with their 1031 exchange into 85 Commerce Drive, a Somerset property we identified and transacted on their behalf.”
The firm added that the buildings, which occupy 1.86 combined acres, are part of a submarket that remains attractive to both investors and owner-users due to its proximity to major highways, ports and dense consumer populations throughout the Northeast. As development constraints limit new industrial inventory in infill submarkets, NAIDB said, existing well-located assets continue to command significant attention from expanding businesses.
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