999 Willow Grove St. in Hackettstown — Courtesy: Saddleback Real Estate Developers
By Joshua Burd
Saddleback Real Estate Developers has sold a newly built, 50,000-square-foot industrial building in Hackettstown for $13 million, the Fairfield-based firm announced last week.
The company said it attracted Bytech, a Brooklyn-based mobile accessories manufacturer, as a buyer after a project that repositioned a non-performing, undervalued property at 999 Willow Grove St. The building has 28- to 32-foot clear ceiling heights, four loading doors, one acre of outdoor storage and a location that’s less than two miles from Route 46 and less than five miles from Interstate 80.
It’s also less than a mile from the iconic Mars Wrigley Confectionery U.S. campus in the town.
“Location plays a critical role in the success of any industrial development, and this site is aligned perfectly with market demand and infrastructure access,” said Salvatore Frassetto, Saddleback’s chairman. “This sale reflects the experience, discipline, and long-term perspective our family brings to every project.”
Robert Adams of Garden State Realty brokered the transaction, while Kearny Bank served as the lender. RC Andersen was the general contractor and construction manager, Saddleback said, noting that the team built the facility in just one year.
The developer added that, since 1975, the Frassetto family has developed more than 25 million square feet of commercial space and facilitated more than $3 billion in real estate transactions.
“Watching 999 Willow Grove Street go from a bare site, which we acquired in 2021, to a finished building has been incredibly rewarding,” Saddleback President Terry Frassetto said. “It’s a proud moment for our entire team.”
