An aerial view of 55 Woodbine St., a 0.44-acre lot in Bergenfield
By Joshua Burd
A business has acquired a nearly half-acre industrial lot in Bergenfield as part of an expansion from nearby Rockland County, New York, brokers with NAI James E. Hanson said.
The real estate services firm announced that it negotiated the sale of 55 Woodbine St., a 0.44-acre property that is minutes from Route 4. The buyer, Woodbine Management Co., plans to continue the existing use of the property and will park and dispatch its fleet of vehicles on the 19,278-square-foot lot, allowing it to expand its operations into Bergen County.
NAI Hanson’s Anthony Cassano and John Schilp represented both Woodbine Management and the seller, Moses Realty LP. They noted that the lot is zoned for industrial with a range of proposed uses including office, warehouse and fabrication, while also touting its proximity to other highways such as Interstate 80, Route 17 and The New Jersey Turnpike.
“A property like 55 Woodbine Street is a blank slate that offers flexibility and adaptability for a multitude of potential uses, making it an attractive investment for buyers that want to take advantage of Bergen County’s favorable location and strong area demographics,” Cassano said. “We were pleased to leverage our expertise in Bergen County to market this property accordingly and facilitate a fair transaction on behalf of both the buyer and seller.”
