Realterm Acquires Final Mile Warehouse Northern New Jersey

Realterm announces the acquisition 83 Broad Avenue, a 66,504-square-foot final mile warehouse in Fairview, N.J. The high flow through (HFT®) warehouse has 10 dock-high doors on 4.7 acres and has immediate proximity to Manhattan and the broader New Jersey market.

“This is a low-coverage final mile warehouse in a very infill Northern New Jersey location,” said Mitch Arthur, Associate, East Region Acquisitions, Realterm. “This asset is a continuation of our strategy of acquiring strategically located high flow through properties in top markets.”

83 Broad Avenue offers easy access to CSX’s intermodal facility in North Bergen and the Croxton Intermodal Terminal in Jersey City as well as to I-95, I-80 and I-78.

“This property offers access to approximately 10.3 million people within a 15-mile radius,” said Ed Brickley, Managing Director and Senior Fund Manager, Realterm. “The property’s in-fill location and differentiated high flow through characteristics make it an excellent addition to our growing New Jersey portfolio.”

Highlights of 83 Broad Avenue include:

• Square feet: 65,504 SF
• Land area: 4.7 acres
• Dock-high doors: 10
• Access: I-95, I-80, I-280, I-78, Holland Tunnel, Lincoln Tunnel, George Washington Bridge, Croxton Intermodal Terminal and CSX North Bergen Intermodal Terminal

Torsten Thaler, Tom Tucci and Steve Shoemaker of Cushman & Wakefield facilitated the transaction.