The property involved in the transaction is located at 1200 Wall St W, Lyndhurst, NJ, 07071. This office complex spans a total of 186,846 square feet and is situated off Route 3. The site is earmarked for redevelopment into a new 110,000-square-foot industrial building.

Summary of transaction details:

• Property Type: Office Complex
• Transaction Amount: Undisclosed
• Address: 1200 Wall St W, Lyndhurst, NJ, 07071
• Market: Lyndhurst
• Seller's Representative: Kevin Welsh-Newmark, Daniel Reider-Newmark Knight Frank, Jason Emrani-Newmark
• Buyer: Link Industrial Properties
• Seller: 1200 Wall Holdings LLC
• Site Size: 8 acres

The transaction features key individuals including Brian Schulz, a managing director with Newmark Knight Frank and part of the tristate capital markets team, as well as Dan Reider from the firm’s leasing team, who contributed to the deal's success. Link Industrial Properties, which operates under Blackstone, indicates plans to develop a "last touch" warehouse and distribution center at the newly acquired site.