By Joshua Burd
An undisclosed buyer has purchased a three-acre industrial parcel in Carlstadt, in a deal arranged by brokers with JLL.
The capital markets team said the site, which sits along Paterson Plank Road and just east of Route 17, is zoned for industrial use and provides immediate connectivity to the region’s vast highway network. JLL Senior Managing Director Jose Cruz, Jordan Avanzato, Marc Duval and Nick Stefans marketed the property on behalf of the seller, also citing its proximity to the Meadowlands Sports Complex and the American Dream property.
Terms were not disclosed.
“We saw tremendous investor interest for the site given the scarcity of developable industrial land in the Meadowlands market and the fact that this site is ideally positioned to serve as a last-mile distribution facility,” Avanzato said.
