Cushman & Wakefield Facilitates Sale of Route 3 Industrial Park in Clifton, NJ
Cushman & Wakefield has completed the sale of the Route 3 Industrial Park, a two-building industrial property totaling 97,145 square feet, located at 31 and 35 Styertowne Road in Clifton, New Jersey. The sales transaction was arranged by Cushman & Wakefield’s Gary Gabriel, Kyle Schmidt, Ryan Larkin, and Seth Zuidema, who represented the seller, Longpoint Partners. The property was acquired by The Silverman Group.
“This transaction underscores the strength of investor appetite for well-located industrial assets in core Northern New Jersey,” said Gary Gabriel. “Route 3 Industrial Park offers immediate connectivity, stable tenancy, and long-term upside, making it a standout opportunity in a supply-constrained market.”
The Route 3 Industrial Park is fully leased and features a multi-tenant layout in a prime infill location. Positioned just off Route 3, the property offers immediate access to key transportation arteries, including the New Jersey Turnpike (I-95), I-80, Route 46, and Route 21. This strategic location provides direct connectivity to the greater New York metro area, the Port of New York and New Jersey, and a consumer base exceeding 21 million people.
This sale highlights the continued demand for quality industrial assets in the Northern New Jersey market, particularly those near major transportation networks.
