Sheldon Gross Realty has brokered the sale of a 135,668-square-foot industrial property spanning 1711 South Second St. in Piscataway and 1700 South 2nd St. in Plainfield. — Courtesy: Sheldon Gross Realty
By Joshua Burd
An investment firm has acquired more than 135,000 square feet of industrial space on the border of Middlesex and Union counties, in a transaction arranged by Sheldon Gross Realty.
The brokerage firm represented the buyer, the Saadia Group, in its purchase of the complex from Second Street Associates. Spanning nearly six acres, the 135,668-square-foot property straddles 1711 South Second St. in Piscataway and 1700 South 2nd St. in Plainfield.
Sheldon Gross Realty Executive Vice President Jonathan Glick brokered the transaction, the terms of which were not disclosed. In a news release, the firm touted the building’s location near the Dunellen business district along Route 28 and its easy access to interstates 287 and 78.
The property, which features an expansive warehouse space and an attached office structure, is also less than 10 miles from the Garden State Parkway and less than an hour from New York City.
“Acquiring this property is an excellent opportunity for Saadia Group because of its size and its location,” Glick said. “The structure and the lot surrounding it offer tremendous flexibility, and Piscataway has always been an extremely desirable location. Essentially, it provides accessibility to the entire New York Metro area.”