1900 Lower Road in Linden — Courtesy: NAI DiLeo-Bram & Co.
By Joshua Burd
A commercial tire business has acquired a nearly 70,000-square-foot industrial building in Linden for $21 million, in a newly announced deal by NAI DiLeo-Bram & Co.
According to the brokerage team, which represented the buyer, Service Truck Tire Center plans to renovate the space at 1900 Lower Road to accommodate its future growth. The 68-year-old, family-owned company is relocating from Woodbridge to the six-acre Linden property between East Lincoln Avenue and Avenue C.
“In a market where owner-occupiers have been virtually shut out of warehouse, distribution and manufacturing acquisition opportunities during the course of the last 12 months, NAIDB was able to secure this rare-to-market New Jersey/New York metro investment asset on behalf of our longstanding client, Service Truck Tire Center,” said Christopher Galiano, a managing director and principal with the Woodbridge-based brokerage team.
Galiano added that Turtle & Hughes, one of the nation’s largest independent electrical and industrial distribution companies, had been the building’s sole occupier since it was built in 1960. Features of the 67,355-square-foot facility include an all-concrete-block façade, 175 on-site paved-surface parking spaces, multiple loading areas and newly renovated office space with a complete rooftop solar system, NAIDB said, noting that it’s adjacent to an Amazon fulfillment center and provides direct access to Route 1.
Service Truck Tire Center previously occupied 36,000 square feet in Woodbridge’s Avenel section, which Galiano is now marketing for sublease.
“As a longtime important logistics hub given its strategic location on the East Coast, the Elizabeth/Linden industrial submarket and its warehouse/distribution assets stand out for their consistent, strong performance — which is exactly what attracts and retains companies like STTC,” Galiano said. “And thanks to our command of local, regional and national logistics and distribution corridors, we were able to facilitate this industrial-property transaction and achieve our client’s objectives.”
