3 and 5 Finderne Ave. in Bridgewater — Courtesy: Zimmel Associates
By Joshua Burd
A partnership has sold a two-building, 204,000-square-foot industrial complex in Bridgewater for $17.5 million, in a newly announced transaction by Zimmel Associates.
The brokerage firm represented the seller of the properties, 3 and 5 Finderne Ave., touting the demand for two fully leased buildings in a supply-constrained industrial market. The 20-acre site features immediate access to Interstate 287 and Route 22, providing users with proximity to the northern and central New Jersey consumer base and labor pool.
Zimmel marketed the properties in conjunction with Ian Grusd of Ten-X, with Larry Berger also representing the seller.
“The seller, Fin Associates Limited Partnership, is a longtime client who came to us because they were confident that we had the ability to market the buildings and close quickly, which was very critical,” said David Zimmel, the firm’s CEO, noting that the buyer plans to hold the assets on a long-term basis.
