Cushman & Wakefield, a leading commercial real estate firm, recently facilitated the sale of Totowa Commerce Center in the thriving Fairfield/Passaic market of New Jersey. The industrial park spans over 506,000 square feet and includes 13 buildings as well as a 5.8-acre development site. The property was acquired by Longpoint Partners from Heritage Capital for an undisclosed amount.
The transaction was successfully negotiated by Cushman & Wakefield’s Industrial Advisory Group comprised of experienced brokers Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema. With recent capital improvements and impressive features such as 92 loading positions and ample parking space for up to 1,400 vehicles,Totowa Commerce Center is strategically located near major highways including I-80 and Routes 46and23.
According to Schmidt,”Totowa Commerce Center’s exceptional efficiency makes it an ideal choice for businesses of all sizes seeking flexible options.” He further added that “the park’s unique advantages have not been replicated in decades,and Longpoint Partners will greatly benefit from this acquisition.”
This successful sale marks another milestone achievement for Cushman &Wakefield in their commitment to providing top-notch commercial real estate services.
