1242A-1260 North Ave. in Plainfield — Courtesy: NAI DiLeo-Bram & Co.
By Joshua Burd
An epoxy flooring company has acquired a nearly 14,000-square-foot industrial building in Plainfield, under a transaction arranged by NAI DiLeo-Bram & Co.
According to the brokerage team, Armor Poxy LLC paid $2.35 million for the property at 1242A-1260 North Ave., punctuating a search that lasted several months. The deal came after the seller, Turtle & Hughes, had originally sought to lease the space, but closed quickly after it opted to instead list the 13,500-square-foot building for sale.
NAI DiLeo-Bram Vice President Richard Goski and Associate Vice President Catherine Goski represented the buyer, while Jason Goldman and Michael Kimmel of KBC Advisors represented the seller.
“With the steep competition in the New Jersey industrial market, and product moving so quickly, we were very pleased to have found our client this highly sought-after, standalone building situated on a large lot with built-out office space,” Catherine Goski said. “We are thrilled that our client immediately made an offer and we ultimately were able to secure the building under contract and close fairly quickly.”
In a news release, NAI DiLeo-Bram noted that 1242A-1260 North Ave. has fenced outside storage. It sits within Plainfield’s Urban Enterprise Zone, making it eligible for state tax benefits, and is minutes from Route 22 and interstates 78 and 287.
The building has 15-foot clear ceiling heights, one dock and two drive-in doors.
“Jason and Michael from KBC Advisors were extremely professional throughout this process and excellent to work with,” Richard Goski said. “Through the efforts of all brokers involved, we were able to expedite this transaction with no major issues for the buyers or sellers.”