Cushman & Wakefield arranged the sale of Totowa Commerce Center, a 506,723-square-foot industrial park in the Fairfield/Passaic market in NJ. The park, consisting of 13 buildings and a 5.8-acre development site, was sold by Heritage Capital to Longpoint Partners. Terms of the sale were not disclosed. 

The Industrial Advisory Group at Cushman & Wakefield, including Gary Gabriel, Kyle Schmidt, Ryan Larkin, and Seth Zuidema, brokered the deal. Totowa Commerce Center features recent capital improvements, 92 loading positions, and 1,400 parking spaces, and is located near major highways like I-80 and Routes 46 and 23. 

“The success of Totowa Commerce Center is illustrative of a highly efficient park that offers optionality to occupiers of all types and sizes. Nothing comparable has been built in decades and Longpoint Partners will benefit from the park’s competitive advantages,” said Schmidt.