Strong buyer interest and quick turnaround for 3 Alpine Ct. in Chestnut Ridge, NY reflected sustained demand for Class A industrial product in Rockland County. Cushman & Wakefield arranged the sale of the 68,862-square-foot asset from CMS Holding Company Inc. to Weiss Real Estate Investments for an undisclosed sum.
Cushman & Wakefield’s Andrew Schwartz headed the transaction with the New Jersey-based investment sales team of Andrew J. Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Kyle Schmidt, along with industrial specialists Stan Danzig and Stephen Elman.
“This was one of the most active listings I have seen in quite some time,” Schwartz noted. “Since the tenant will be moving out in the near term, we had strong interest from both the investment community as well as potential owner/occupiers.”
A privately held owner/investor, Weiss plans to release 3 Alpine Ct. as an opportunity for a single tenant or multiple users.
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).