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New York & Tri-State  + New Jersey  + Industrial  |  January 10, 2020
Paul Bubny
By: Paul Bubny

EverWest Picks Up Secaucus Facility for Last-Mile Logistics

CBRE arranged the sale of a 149,000 square-foot mixed-used property at 25 Enterprise Ave. North in Secaucus, NJ. EverWest Real Estate Investors and a Colorado-based investment fund partnered in the acquisition of the property from Glenmore Management for an undisclosed sum, and retained CBRE to oversee leasing.

The CBRE advisory and transactions services team of Kevin Dudley and William Waxman worked with colleagues Elli Klapper and Charles Berger of the firm’s tri-state investment properties team in negotiating the sale on behalf of the buyer. The seller, Glenmore Management, was self-representing.

“This property provided our client with a very rare opportunity to own a coveted asset in the heart of one of the most active industrial corridors in the country, in an off-market deal,” said Dudley.

EverWest’s Steve Feinberg said the location just five miles from Manhattan “offers excellent access for last-mile logistics users.”

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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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