New York & Tri-State + Tri-State + Industrial | August 17, 2018

CA Logistics Firm Enters NJ Market with Warehouse Buy

Kal Freight is entering the New Jersey market with its acquisition of 15 Rte. 173, a 30,000-square-foot warehouse in the northwestern town of Hampton, NJ. Cushman & Wakefield’s Daniel Badenhausen and Andrew Stypa represented the buyer, a Chino, CA-based logistics firm that also has a presence in Dallas and Indianapolis.

“This is a valuable asset,” said Badenhausen. “It’s a robust truck terminal with 15- to 20-foot clear ceiling heights, abundant trailer parking, and a unique location. Its proximity to the Bethlehem, PA and Philipsburg, NJ areas, which are experiencing rapid growth in big-box warehouse distribution buildings, adds to the potential for the structure.”

15 Rte. 173 is strategically located along the I-78 and I-81 corridor linking New Jersey with the entire East Coast, Badenhausen added. “The location also enables access to the Midwest and Southeast. Amenities like 50 loading doors, and cross-docking contributed to the attraction of the property.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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