Jones Lang LaSalle
ROL ROM Foods Expands in Paterson
Dry Goods Manufacturer Inks $2.6M Deal with Daicolor-Pope to Acquire 2 Industrial Bldgs.
Dry goods manufacturer ROL ROM Foods purchased two industrial buildings in Paterson from Daicolor-Pope Inc. The properties, which total 91,000 square feet, sold as a portfolio for $2.6 million, or approximately $29 per square foot.
The industrial facilities are at 33 6th Ave. and 25-29 Shady St. and were previously used for die manufacturing by the tenant, Pope Chemical. Both buildings were converted to warehouses to accommodate the new owner. ROL ROM Foods plans to relocate its Passaic operations and expand into its new space by the third quarter 2006.
James Costanzo of Colliers Houston & Co represented the seller. Rubin Realty Associates procured the buyer.
ROL ROM Foods Expands in Paterson
Dry Goods Manufacturer Inks $2.6M Deal with Daicolor-Pope to Acquire 2 Industrial Bldgs.
Dry goods manufacturer ROL ROM Foods purchased two industrial buildings in Paterson from Daicolor-Pope Inc. The properties, which total 91,000 square feet, sold as a portfolio for $2.6 million, or approximately $29 per square foot.
The industrial facilities are at 33 6th Ave. and 25-29 Shady St. and were previously used for die manufacturing by the tenant, Pope Chemical. Both buildings were converted to warehouses to accommodate the new owner. ROL ROM Foods plans to relocate its Passaic operations and expand into its new space by the third quarter 2006.
James Costanzo of Colliers Houston & Co represented the seller. Rubin Realty Associates procured the buyer.
posted by Jones Lang LaSalle NJ News Blog at 9:48 AM
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