The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, in a joint venture with Tulfra Realty Company, LLC, has announced the disposition of a 36,000-square-foot industrial building located at 1901 East Linden Avenue in Linden, N.J. The sale was made to Joma Realty, LLC.
Ideally situated at Exit 13 on the New Jersey Turnpike, 1901 East Linden Avenue offers easy access to the Port of New York/New Jersey and Linden, Rahway, Elizabeth and Newark labor markets. At the time of the sale, the building was 100% occupied by a variety of small tenants ranging in size from 1,440 square feet to 4,320 square feet.
“The property’s excellent location and history of occupancy made this an attractive offer for the buyer,” said Todd Anderson, a Principal of The Hampshire Companies. “With no vacancy and easy access to nearby major highways, the property fully accommodated the buyer’s need for stable cash flow and the potential to sell the units as condos to the existing tenants in the future”.
Kristin Hanson and Sonny Jumani represented The Hampshire Companies and Tulfra Realty in the transaction, while the buyer was represented by Ben Sgambati and Alan Cafeiro of Marcus & Millichap.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, N.J. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
About Tulfra Realty Company, LLC
Based in Rochelle Park, N.J., Tulfra Realty Company, LLC is a leading real estate management and developer of industrial buildings, land and industrial condominiums. Tulfra’s current portfolio consists of over 4 million square feet in more than 50 buildings with a tenant base of 200 private and public companies.
R&J Public Relations