125 and 335 Paterson Plank Road in Carlstadt — Courtesy: Devli Real Estate
By Joshua Burd
Devli Real Estate has completed its acquisition of three neighboring industrial properties in Carlstadt, assembling four acres in the Meadowlands as it continues to build its portfolio.
The Wallington-based firm said the parcels — which include 125 and 335 Paterson Plank Road and 111 Twentieth St. — provide low coverage and access to the submarket’s extensive highway and infrastructure network. It purchased the sites from three undisclosed sellers in separate deals, the terms of which were not disclosed.
“Assembling the site from three separate owners presented its unique challenges that required tremendous effort and coordination,” said Mark Devli, the company’s chief investment officer. “Our team’s expertise and unwavering commitment enabled us to overcome those challenges and further solidified the confidence in our team’s ability to tackle even the most intricate real estate transactions.”
Brokers involved in the deals include CBRE’s Stephen D’Amato and Jeffrey Babikian and Alex Rosenberg and Greg Sholom of Team Resources Inc.
“We’d like to express our gratitude to all of the brokers involved for their professionalism and efforts associated with these transactions,” said Chris Devli, the company’s chief operating officer. “It is always a pleasure working with knowledgeable and resourceful brokers. Our success lies in these relationships that our team has built and continues to build with each new deal.”
