180 Westfield Ave. West in Roselle Park — Courtesy: Lee & Associates New Jersey
By Joshua Burd
An 80,000-square-foot warehouse in Union County has changed hands for $4.65 million, brokers with Lee & Associates New Jersey announced Wednesday.
The fully leased property, 180 Westfield Ave. West in Roselle Park, is a two-story building with 200 feet of frontage on Route 28, according to a news release. Lee & Associates New Jersey vice presidents Sheneeza Ali and Eric Heller represented both the seller and buyer, Ramani Group LLC and Westfield Ave Realty LLC, respectively.
“We are pleased to announce the successful sale of 180 Westfield Ave, a well-situated warehouse in proximity to the Garden State Parkway, (Interstate 95) and Newark International Airport, within the red hot northern New Jersey industrial market,” Ali said. “While this is an expansive and exciting property for Roselle Park, there is also a tremendous amount of development taking place in the area. Roselle Park is poised for rapid growth and has continued to expand during the COVID-19 era.”
The property is home to multiple tenants, featuring two large recessed loading docks.