433 Murray Hill Pkwy. in East Rutherford — Courtesy: Team Resources Inc.
By Joshua Burd
An investment group has paid more than $14 million for a 100,000-square-foot industrial building in East Rutherford, brokers with Team Resources Inc. said Wednesday.
In a news release, the brokerage announced the sale of 433 Murray Hill Pkwy. after marketing the building on behalf of the seller. It identified the buyer as GNAP Development LLC.
Team Resources President Gregory Sholom and CEO David Cantor completed the sale for the Lyndhurst-based brokerage. Matt Dudzinski of Atlantic Real Estate Services represented the buyer.
“This was a rare opportunity to acquire an ideal size building in the heart of the Meadowlands,” Sholom said.