Wednesday, May 17, 2006

Jones Lang LaSalle


Partnership Buys Industrial at 350 Secaucus for $6M
SBWE Inc. Brokers Purchase of 80,000-SF Warehouse


Vimco Partnership sold an 80,000-square-foot industrial building at 350 Secaucus Road for $6 million, or approximately $75 per square foot, to an undisclosed buyer. The new owner will occupy the space later this year for warehouse use.

This property was built in 1971 on 3.9 acres in Hudson County, and contains 12,000 square feet of office space. The building attributes include 21-foot ceiling heights, 800 amps of power, 10 loading docks and column spacing of 35-feet-by-40-feet.

Laurence Blau of SBWE Inc. represented both the buyer and the seller.