Northbridge Partners Acquires 81,000 Square Foot Industrial Facility From LM Real Estate Partners In Rockaway NJ

An 81,000-square-foot shallow-bay industrial facility was sold in Rockaway, New Jersey. The property located at 385 Franklin Avenue features 22-foot clear heights, 13 dock doors, and access to major highways, catering to the demand for Northern New Jersey's shallow-bay industrial assets.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Asset Size: 81,000 square feet
• Address: 385 Franklin Avenue
• Market: Rockaway, NJ
• Buyer: Northbridge Partners
• Seller: LM Real Estate Partners
• Brokers: Nicholas Stefans, Jason Lundy & Luke Ceccoli - JLL

JLL Capital Markets facilitated the transaction, highlighting the continued interest from investors in industrial properties in Northern New Jersey. The 11-tenant warehouse setup is designed to meet modern logistical needs.