Friday, May 19, 2006

Jones Lang LaSalle


50 Carol St. Sells for $5.72 Million

Clothing Distributor TransAmerica to Occupy 65,000-SF Warehouse

TransAmerica, a clothing distributor to third-world countries, purchased 50 Carol St. in Clifton from WEA Enterprises. The property sold for $5.72 million, or roughly $88 per square foot. TransAmerica will use the space to expand its distribution center.

The 65,000-square-foot warehouse is in Passaic County, only 10 miles from New York City. It was built in 1961 on 2.85 acres with 70 parking spaces. The property features 800 amp power, 15-foot ceiling heights and six external loading docks.

Michael Evans of SBWE in Hasbrouck Heights marketed the property for WEA Enterprises. Matthew Corpuel of CB Richard Ellis represented TransAmerica.