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Commercial
New York

7-building industrial, office/flex portfolio in Fairfield sells for $30M

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An unidentified buyer snapped up seven industrial and office/flex buildings in Fairfield — the township in Essex County, New Jersey, not the Connecticut county of the same name — in a deal valued at more than $30 million, broker and Sheldon Gross Realty executive vice president Robert Nathin said in a press release. The 315,800-square-foot portfolio includes three properties on Clinton Road, two on Lehigh Drive, one on Dwight Place and one on Industrial Road. Sheldon Gross executive vice president and property manager Marcy Gross managed the properties for 20 years, according to the brokerage. “[The sale] speaks to what an attractive location Fairfield is for business, for multiple reasons,” said a statement from the West Orange-based Nathin, adding that the location of the portfolio on the border of Morris and Passaic counties is “remarkable.” [Patch]