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Blau & Berg completes two industrial sales in Newark

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178 Stockton St., Newark.
178 Stockton St., Newark. - ()

Commercial real estate brokerage the Blau & Berg Co. recently announced it brokered the sale of two industrial properties in Newark to Terreno Realty Corp.

The firm’s Alex Conte, Jason Crimmins, Kenneth Crimmins and Peter Murano represented the buyer and the seller in the transaction.

“Terreno Realty was seeking to expand its portfolio through strategic acquisitions in port locations,” Murano said. “We were able to find two properties in prime locations that offered the opportunity for near-term goals of projected returns and future redevelopment potential. We have experienced an incredible amount of interest in both properties and expect them to be leased in the third quarter.”

The two properties, 178 Stockton St. and 422-470 Frelinghuysen Ave., have near access to Interstate 78 and Routes 1 and 9. The Blau & Berg Co. said the properties are also available for lease.

Financial terms were not disclosed.

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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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