301 Helen St. in South Plainfield — Courtesy: Cushman & Wakefield
By Joshua Burd
The owner of a 41,000-square-foot industrial building in South Plainfield is seeking a buyer for the property, brokers with Cushman & Wakefield announced, touting its value-add potential in a burgeoning submarket along Interstate 287.
The would-be seller, Greenblatt Family Limited Partnership, has tapped C&W as the agent for 301 Helen St. Sitting on more than two acres, the property is a former pharmaceutical facility that can be available for occupancy as early as January 2020.
C&W’s Charles Fern and Shawn Straka are leading the assignment.
“The Upper 287 corridor has become a go-to choice for last-mile industrial — resulting in sustained high demand and a current vacancy rate under 1.5 percent,” said Charles Fern, a vice chairman and industrial specialist with the firm. “Because this property will trade vacant, it offers outstanding upside potential.”
In a news release, C&W said 301 Helen St. offers 1,500 square feet of office build-out, 20-foot clear ceilings and four tailgate loading doors. The complex provides easy access to the New Jersey Turnpike, the Garden State Parkway and Routes 1&9.
