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New York & Tri-State  + New Jersey  + Industrial  | 

Liberty Lands Two Industrial Buildings in NJ

Wayne, PA-based Liberty Property Trust purchased two industrial buildings totaling 270,254 square feet in New Jersey for a combined investment of $51.8 million. The seller was undisclosed.

Liberty’s Michael Cohen says, “These acquisitions deepen our presence in the high-growth New Jersey Turnpike corridor, and we look forward to evaluating additional investment opportunities through the balance of 2019.”

The properties include:

– 115 Moonachie Ave., a “last-mile” property in the Meadowlands acquired for $39.6 million. The 168,800-square-foot multi-tenant building is 100% leased and features 28-foot clear heights. Liberty was represented by CBRE National Partners’ Tom Monahan, Stephen D’Amato, and Larry Schiffenhaus, along with Brian Fiumara.
– Central New Jersey portfolio, a $12.2-million sale leaseback acquisition of 75 Ethel Rd. in Edison, NJ. The 101,454-square-foot building features a 22-foot clear height and is strategically located along I-287 near Exit 10. Lou and Scott Belfer of CBRE were involved in the transaction.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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