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Industrial Property Sale Ignites Charity Donation

12/22/2020

 
Roxbury Industrial Property Sale Two industrial properties totaling 35,000 SF on 8 acres has sold to developer Commerce Park Investors, LLC as announced by Charity Realty International. The Roxbury transaction included former PRC Laser Corporation buildings 350 & 360 North Frontage Road, a vacant 16,200 SF office-warehouse facility and a 18,670 SF industrial/flex building. The package traded for $1,900,000.
“This was a fantastic opportunity to capture two prime Morris County free-standing industrial buildings. The properties are visible from Interstate 80, have tailboard and dive-in loading, heavy power distribution, backup gas-fired generators and are 100% airconditioned. They became available after the purchase of PRC Laser by Seller, Coherent Tios Inc.”

“We tailored a clean, low-contingency transaction that made it easy to accept for a public company. Both properties will undergo an extensive rehabilitation, that will bring them to like-new condition. They are available for lease through Charity Realty” stated James Costanzo, President of the brokerage firm.

Coherent Tios Inc. was skillfully represented by a brokerage team from Colliers International NJ lead by associate Jack Callahan. In accordance with Charity Realty International’s charity pledge, a grant for $4,750 was gifted to the Mental Health Association of Essex & Morris. The grant will be used for the advocacy, education, prevention, early intervention, treatment and service for individuals with mental illness.

Contact: James Costanzo, President
Charity Realty International
jim@charityrealtyint.com
​973-714-1110

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©2023 Morris County Chamber of Commerce  |  A 501(c)(6) nonprofit membership organization
  • JOIN
    • Become a Member
    • Premier Membership
    • Membership Inquiry
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • New Member Survey
  • About
    • Chamber Team
    • Our Mission
    • Our President
    • Board of Directors
    • Morris Business Cabinet
    • Ambassadors Council
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Business Development Forum
      • Business Strategy Exchange
      • Health & Wellness Forum
      • Human Resources Committee
      • Not For Profit Roundtable >
        • Nonprofit Donations
        • Not For Profit Conference Scholarship App
      • Real Estate Forum
      • Tech Trends
      • Women in Business Program
      • Young Professionals Forum
      • Monthly Agenda Submission Form
    • Code of Conduct
  • Membership
    • Member Benefits
    • Member to Member Deals
    • Member Exchange Online Community
    • Member Marketing Opportunities
    • Grand Opening Support
    • Conference Room Usage
    • Member Referral Bonus
    • Connect to Morris Job Bank
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • COVID-19 Safety
    • Signature Events & Programs
    • Submit an Event Idea
  • Directory
    • Searchable Business Directory
    • Member Spotlights
    • Nonprofit Organizations >
      • Not for Profit Spotlight
    • Legal Resources >
      • Employment Law
      • Commercial Services
      • Business Representation
      • General Legal
    • Enhance Your Directory Listing
  • News & Info
    • Certificate of Origin
    • Business Resources
    • Chamber Magazines
    • News Around the Chamber >
      • Around the Chamber Archive
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • MCTV Let's Talk
    • Actionable Advice Video Library
  • Programs
    • Economic Development Corp
    • EDC Business Counseling
    • Public Policy Series
    • Leadership Morris >
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      • Renew LMAA Membership
    • Women In Business >
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