515 Union Ave. in Totowa — Courtesy: The Blau & Berg Co.
By Joshua Burd
A developer has purchased a nearly 96,000-square-foot office building in Totowa that it now plans to convert to self-storage space, in a newly announced deal by The Blau & Berg Co.
According to a news release, CE Development Management has approvals in place to repurpose the space at 515 Union Ave., which formerly housed Wells Fargo. Blau & Berg Senior Director John R. Longo represented the buyer, the development arm of Taylor Theus Holdings.
Terms were not disclosed.
“Taylor Theus Holdings plans to begin construction this spring to convert the former office building to self-storage,” said David Ellison, managing director and chief development officer with Taylor Theus. “We have been working with John Longo, with Blau & Berg, for a number of years identifying sites in the New Jersey market and are very excited about this project, which would not have been possible without John’s persistence and expertise.”
