Ripco Investment Sales Expands into NJ with Eatontown Listing
Ripco Real Estate is handling the sale of 250 Industrial Way West in Eatontown, NJ. The property represents RIPCO’s Investment Sales team’s expansion into New Jersey, with proposals expected in the mid-$40-million range. The firm’s Stephen R. Preuss, Kevin Louie, Kevin Schmitz and Matt Grundy are spearheading the assignment.
Spanning 138,163 square feet, 250 Industrial Way West is a single-tenant, triple-net leased investment opportunity. It has been occupied by SubCom since 1999, and contains a large data center, office space, laboratories, storage, cafeteria, two elevators and three loading docks.
“250 Industrial Way West is a high-quality, meticulously maintained building that we are confident will be an attractive offering for investors looking for a property in a diverse location that satisfies the demand for hands-off assets with a higher rate of return,” said Preuss. “It provides the ideal workplace placement, allowing for companies to build a stable and prosperous workforce.”
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).