70 Apple St. in Tinton Falls — Courtesy: Zimmel Associates
By Tina Traster
The owner of a plumbing and heating supply business has sold a 33,000-square-foot industrial building in Tinton Falls for $5.4 million, brokers with Zimmel Associates announced.
The deal at 70 Apple St. comes more than 20 years after Middletown Plumbing and Supply Co. Corp. purchased the site, according to a news release. With owner Robert M. Singer now set to retire, he opted to sell the building to F.W. Webb, a wholesale distributor of plumbing, heating and HVAC fixtures that was looking to buy a building in the area.
Zimmel Associates President David Zimmel and Vice President Jordan Zimmel brokered the sale, having also served as the longtime leasing agents for about 22,000 square feet of excess space at the property. The Academy of Dance Arts and CrossFit Shrewsbury occupies the remaining space.
“The building received lots of activity,” Jordan Zimmel said. “Coincidentally, the company was in the same business and purchased the building with the inventory.”
In a news release, Zimmel said the standalone industrial building sits on 2.8 acres and has a 16-foot-clear ceiling height, two dock-high doors and two drive-in grade-level doors. In addition, the Red Bank and Little Silver train stations are just a few miles away.
Tina Traster is a freelance writer and the editor of Rockland County Business Journal. She is also a former business writer for Crain’s New York Business, real estate writer for the New York Post and staffer at the Bergen Record.