By Joshua Burd
A private investor has sold a multitenant, 95,000-square-foot industrial building in Union Township, according to a brokerage team with The Blau & Berg Co.
The Elmwood Park-based buyer, Brentwood Realty, paid an undisclosed sum for the 8.2-acre property at 120 Aldene Road, according to a news release. Blau & Berg’s Alessandro “Alex” Conte brokered the sale.
“We were happy to assist the seller in the disposition of this asset,” said Conte, an executive vice president with the Short Hills-based brokerage firm. “We are excited to see the new owners, Brentwood Realty, bring new life to not just the property but the community as a whole.”
The complex sits near the intersection of Route 28 and the Garden State Parkway.
“This facility on Aldene Road builds upon our multidecade business plan of acquiring compelling in-fill industrial and retail properties,” Brentwood Realty’s Alex Opper said.