AT A GLANCE
830 Morris Turnpike, Suite 201
Short Hills, NJ 07078
Year founded: 1932
Number of brokerage and support professionals in New Jersey: 44
Areas of expertise in real estate: Site selection, acquisitions, dispositions, leasing, tenant representation, portfolio sales, asset repositioning and property & construction consulting
OUR CLIENTS
Blau & Berg represents a wide variety of clients, from investors to manufacturers to logistic operators, and everything in between. As a commercial real estate broker with an emphasis on the northern New Jersey industrial market, we represent property owners who are leasing or selling real estate and clients who are looking to purchase or lease space for their business. Our customer base ranges from small “mom-and-pop” businesses to Fortune 500 companies.
OUR ADVANTAGE
Our advantage is that we have a century-long foothold in the markets we represent, and, as a family-run business, we have generational experience that results in repeat business with longstanding clients. As a boutique brokerage house with extensive in-house training and mentoring, we operate as a team to offer our clients a hands-on commitment to fulfilling their exact needs. It’s our dedication to our craft and our integrity that has always serviced us. That local expertise coupled with our SIOR connections has provided us with the global reach required to service our clients. We have worked with many exceptional broker colleagues around the state, and having the ability to reach across the aisle is so vital to our industry.
TRANSACTION SPOTLIGHT
We recently sold a 400,000-SF facility located on 13 acres. There were quite a few obstacles with this transaction. If there were an award for the most due diligence extensions, we probably would have won “hands-down.” Some reasons for the extended due diligence included a pipeline that needed federal approval if it were to be relocated, redevelopment and/or refurbishment plans, tenant renewals, environmental contingencies, a subdivision and the sale of a subdivided parcel. Both seller and buyer had the fortitude and patience to work through each of these obstacles. It was a long and tedious process but gratifying to have two parties that worked together seamlessly to close the deal. We also recently completed an IOS lease with a notable tenant at 352 Oldham Road, Wayne, NJ, that services Amazon Logistics. The ±7-acre parcel nestled into a mountaintop of the centermost township in Passaic County provided the trucking company with good access and stellar security but most importantly a significant discount from Port- and Turnpike-centric IOS sites. The tenant was being pushed out of their current location due to rising land lease costs and increased demand from other IOS users. This parcel provided a nearly 50% discount on overhead while still checking all the functionality boxes.
