253 Passaic Ave. in Fairfield — Courtesy: JLL
By Joshua Burd
A one-story, 35,945-square-foot industrial and flex building in Fairfield has changed hands for $4.15 million, according to brokers with JLL.
The real estate services firm said it represented the seller, Canfield Property Group, in the transaction at 253 Passaic Ave. Executive Vice President Howard Weinberg and Associate Ryan Bednarski handled the assignment for JLL.
The buyer, Dearborn Street Realty LLC, was represented by Marc Trevisan and David Sherman, executive vice presidents, and Slava Vaynberg, director, with Cushman & Wakefield.
“The property was an owner-occupied industrial/flex building that was kept in immaculate condition,” Weinberg said in a prepared statement. “The one-story building was fully air conditioned and very well located. The buyer saw great value in 253 Passaic Avenue’s proximity to Routes 80, 46 and 23, and the Garden State Parkway.”
The property sits between Pier Lane West and New Dutch Lane in Fairfield, adjacent to the Essex County Airport. The industrial/flex facility was constructed in 1973.