“New Jersey’s port region, with its 3 percent vacancy rate, is a prime area for industrial distribution facilities catering to the area’s transportation hubs and its demographics,” Jason M. Crimmins, president of the Blau & Berg Co., said. “Directly off Interchange 13 of the New Jersey Turnpike, this property offers a tremendous opportunity for an intermodal, airfreight, (third-party logistics) or an e-commerce startup operator. It is also an exceptional value-add investment opportunity.”
The industrial asset comprises 400,000 square feet and consists of three separate facilities on 13 acres: a 318,651-square-foot facility with 70 docks, a 13,051-square-foot maintenance garage with eight drive-in bays and an 81,834-square-foot facility.
The Blau & Berg Co. is based out of Short Hills. Cory, a home delivery service, is based in Secaucus.