83 Gross Ave. in Edison— Courtesy: CBRE
By Joshua Burd
An investment group led by Dalfen Industrial has acquired a nearly two-acre industrial outdoor storage property in Edison, brokers with CBRE announced Wednesday.
According to a news release, the parcel at 83 Gross Ave. is home to a vacant 4,500-square-foot building and is easily accessible from the New Jersey Turnpike and Interstate 287. Dalfen, along with funds advised by affiliates of Centerbridge Partners LP, purchased the 1.87-acre property for an undisclosed price as part of an off-market trade.
CBRE’s Mark Silverman, Liam McGregor and Elli Klapper represented the buyer in direct negations with the seller.
“This property presented our client with a unique and rare opportunity to acquire an off-market, highly sought-after IOS asset situated in one of the most dynamic and active industrial markets in the tristate area,” Silverman said. “This strategic acquisition not only enhances Dalfen’s portfolio, but also positions the company for significant growth in a thriving sector.”
