Wednesday, December 14, 2005

Jones Lang LaSalle


Food Manufacturer Buys 35,000-SF Facility
By Eric Peterson
Last updated: December 13, 2005 10:33am

(To read more on the industrial market, click here.)
JERSEY CITY-Rajbhog Foods has acquired the 35,000-sf manufacturing facility at 60 Amity St. here. The Flushing, NY-based Indian food manufacturer and retailer will use the plant for the production of its line of snack and frozen food products. The seller was Standard Casing Co., an Illinois-based maker of casings for the meatpacking industry.

The transaction was arranged for the seller by a team of CB Richard Ellis brokers, including first vice president Gary Capetta, senior vice president William Waxman, vice president Nick Nitti and senior associate Carrie Brown. The buyer was represented by Joe Manganaro of Team Resources of Carlstadt. The sale price was not disclosed.

"This facility’s close proximity to New York City and special installations made it the right property for Rajbhog’s needs," Capetta says. Besides its manufacturing operations, the new owner operates nine retail stores in New York and New Jersey, and one in the suburban Atlanta. The building is a single-story, USDA-certified food manufacturing building.