1 Carol St. in Clifton — Courtesy: Newmark Associates CRE LLC
By Joshua Burd
The longtime owner of a 15,000-square-foot industrial building in Clifton has sold the property for $3 million, in a deal arranged by Newmark Associates CRE LLC.
According to the brokerage team, a buyer listed as Monster Inc. LLC will use the 1 Carol St. property as its new headquarters. Newmark Chief Operating Officer Nancy Glick and Sales Associate Vijay Solanki represented the seller, a longtime client of the firm, and the buyer.
“The supply of industrial properties throughout the Northeast remains low and demand is high,” Glick said. “The seller intended to lease the building and after receiving a creative, above-market offer, chose to sell.”
In announcing the deal, Newmark noted that the vacant, one-story building sits on 1.6 acres with two gated parking lots and abundant spaces. The property is zoned for lab, light manufacturing, office and food and cosmetic uses, while providing quick access to routes 46, 21 and 3.
Solanki, for whom the sale was his first closing, added: “Both parties were a pleasure to work with. We were happy to help the seller, who was retiring a business, pass the torch to a new owner with a rapidly growing business.”
