124 Sylvania Place in South Plainfield — Courtesy: Cushman & Wakefield
By Joshua Burd
An investor has purchased a nearly 30,000-square-foot industrial condominium in South Plainfield for $4.55 million, in a newly announced deal by Cushman & Wakefield.
According to the brokerage team, which represented Sylpan Inc. in the sale, the property at 124 Sylvania Place is leased to Liftec Forklifts and is five minutes from Exit 5 on Interstate 287. An entity listed as ACSS Group LLC purchased the unit, which spans 28,800 square feet.
C&W’s Andy Schwartz, Joran Sobel and Andre Balthazard completed the assignment, adding that the building has 22-foot clear heights, four docks and one drive-in garage door.
“124 Sylvania is ideally located in one of the hottest industrial markets in New Jersey with easy access to markets, ports and customers both locally and globally,” Sobel said. “The property’s high ceilings, good loading and accessible location ensures future demand and continued rent growth.”
