Jones Lang LaSalle
74,000-SF Cold Storage Building Hits the Market
By Eric Peterson
Last updated: November 30, 2005 09:57am
(To read more on the industrial market, click here.)
ROCKAWAY, NJ-Green Pond Road Associates, a local group, has hired Newmark to find a new occupant for its 92 Green Pond Rd., a 74,200-sf cold storage facility here. The asset is on the market for lease or sale, according to Newmark principal Daniel E. Frankel, who is handling the assignment along with senior managing director Robert A. Dinner of the firm’s Woodbridge, NJ office.
The building is currently fully occupied by Preferred Freezer, a Jersey City-based cold storage company that operates such facilities nationwide. Preferred Freezer is shedding the space as it opens a new and substantially larger facility in Newark and the building will be available as of January 1, 2006.
Newmark is marketing the building, targeting companies that require specialized cold storage space. Among the possible targets are food companies, supermarket and other food store chains and pharmaceutical companies.
Built in 1985, the facility is located on an 8.2-acre site near I-80. It includes a total of more than 51,500 sf of freezer space, 8,200 sf of refrigerator space, 7,500 sf of dry storage space and 7,000 sf of office and maintenance space.
74,000-SF Cold Storage Building Hits the Market
By Eric Peterson
Last updated: November 30, 2005 09:57am
(To read more on the industrial market, click here.)
ROCKAWAY, NJ-Green Pond Road Associates, a local group, has hired Newmark to find a new occupant for its 92 Green Pond Rd., a 74,200-sf cold storage facility here. The asset is on the market for lease or sale, according to Newmark principal Daniel E. Frankel, who is handling the assignment along with senior managing director Robert A. Dinner of the firm’s Woodbridge, NJ office.
The building is currently fully occupied by Preferred Freezer, a Jersey City-based cold storage company that operates such facilities nationwide. Preferred Freezer is shedding the space as it opens a new and substantially larger facility in Newark and the building will be available as of January 1, 2006.
Newmark is marketing the building, targeting companies that require specialized cold storage space. Among the possible targets are food companies, supermarket and other food store chains and pharmaceutical companies.
Built in 1985, the facility is located on an 8.2-acre site near I-80. It includes a total of more than 51,500 sf of freezer space, 8,200 sf of refrigerator space, 7,500 sf of dry storage space and 7,000 sf of office and maintenance space.
posted by Jones Lang LaSalle NJ News Blog at 5:15 PM
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