Owner-User Acquires NJ Cold Storage Facility

Cushman & Wakefield arranged the $6-million sale of 609 10th St., an industrial and cold storage facility in Union City, NJ. The firm’s Andrew Schwartz, Jordan Sobel, André Balthazard and Dan Bottiglieri represented both the seller, 10th St Realty, LLC, and the buyer, PanRaj Holding, LLC.

“609 10th St. presented a compelling opportunity for an owner-user to acquire a vacant industrial facility in an exceptionally supply-constrained location, which is just minutes from Midtown Manhattan,” said Sobel. “The property’s existing infrastructure, functional layout and connectivity to the entire New York Metro region made it particularly well suited for the buyer’s needs.”

Located on a 0.81-acre site, 609 10th St. features 33,515 square feet of industrial space on the ground floor, with additional second floor and basement space, bringing the total usable area to 42,451 square feet. The facility includes cold storage, manufacturing, dry storage and office space, as well as interior loading docks and multiple drive-in doors.

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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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