Newmark Brokers Sell Commercial Property In Clark, NJ For $15.8M

The 108,000-square-foot flex facility located at 175-195 Terminal Ave in Clark, NJ, was sold for $15.8 million. Situated on a seven-acre property, the single-story R&D space serves as the headquarters for L’Oréal’s North American R&D division and was recently renovated.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $15,800,000.00
• Market: Clark
• Seller's Representative: Steven Schultz (Newmark), Tony Georgiev (Newmark)
• Buyer: Undisclosed

Steven M. Schultz and Tony D. Georgiev of Newmark represented the seller, Denholtz Associates, in the sale of this commercial property. The buyer's identity remains undisclosed in the transaction.