130 Market St. in Kenilworth — Courtesy: NAI DiLeo-Bram & Co.
By Joshua Burd
A flooring contactor has purchased a 7,000-square-foot industrial building in Kenilworth, in a newly announced transaction by NAI DiLeo-Bram & Co.
In a news release, the brokerage team said Centron Enterprises LLC will use the property at 130 Market St. to support its growing business. It will do so with a location that has quick access to the Garden State Parkway and Route 22, along with the right amount of office space to accommodate its needs.
NAI DiLeo-Bram Vice President Rich Goski and Associate Vice President Catherine Goski represented the buyer. Tom Bianco of Coldwell Banker represented the seller, The Alban Group.
“Our client was outgrowing its existing location in Kenilworth, and was looking for a nearby facility that had a large office component,” Catherine Goski said. “This requirement was quite challenging to accommodate given the limited supply in the industrial sector. However, we were able to find an ideal property that included high-end, office space which worked extremely well for our client.”
Additional features at 130 Market include parking for 20 cars and visibility on a highly traveled thoroughfare.
“We are pleased to have found this property for our client just a half-mile away from its previous location making for a seamless relocation,” Rich Goski said. “With multiple bidders, our market expertise came into play when advising our client to make a competitive offer without overpaying for the property. Their successful offer secured an excellent value-add transaction, as industrial properties continue to trade upward at unprecedented rates.”
