50-52 Fadem Road — in Springfield
By Joshua Burd
Investors have acquired a multitenant, 207,000-square-foot industrial property in Springfield, brokers with Lee & Associates announced Friday.
The brokerage firm said it represented the buyers, Tuli Blumenberg and Duvi Blumenberg, in their purchase of 50-52 Fadem Road. The acquisition gives them a property just off Route 22 with direct, toll-free access to Port Newark-Elizabeth.
The building is home to tenants including SAS Graphics/2XL Imaging and Ring Container, featuring ceiling heights ranging from 22 to 32 feet, multiple loading docks and executive office space. The Lee & Associates team of Rick Marchisio, Crista Bartolomeo and Drew Maffey brokered the assignment for the firm’s Elmwood Park office.
“This was a smooth transaction,” Marchisio said. “Tuli Blumenberg and Duvi Blumenberg were a pleasure to work with as the purchaser. They performed admirably and delivered on time.
“The Fadem Road transaction marks the second multimillion-dollar transaction we have completed with the Blumenbergs in less than six months.”
