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Sheldon Gross closes pair of sales in Fairfield

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18-20 Industrial Road, Fairfield.
18-20 Industrial Road, Fairfield. - ()

Sheldon Gross Realty’s Bob Nathin recently brokered the sale of two assets in Fairfield totaling more than 45,000 square feet of space.

“This level of commercial and corporate real estate activity in one location indicates a very robust market,” says Sheldon Gross, the agency’s CEO and president.

The properties, a 29,328-square-foot building and a 16,000-square-foot building, are located at 18-20 and 2 Industrial Road, respectively.

The Stro Cos. purchased the 18-20 Industrial Road property, occupied by Glotel Inc. and Arete Development, for $2.37 million.

2 Industrial Road, Fairfield.
2 Industrial Road, Fairfield. - ()

“There’s intense interest in Fairfield right now, to a degree that’s rather uncommon,” Nathin, an executive vice president, said. “Multiple factors are involved, including limited commercial inventory, and both Route 80 and Route 46 run right through the town.”

Eastern Services purchased 2 Industrial for $810,000.

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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