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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
[email protected]
​973-714-1110

Comments are closed.

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  • JOIN
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    • The Value of Membership >
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    • New Member Survey
    • Power of Connection
  • About
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    • Our Mission
    • Our President
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    • Chamber Champions
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    • Inclusivity Advisory Council
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  • Membership
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    • Forums & Committees >
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      • RISE Morris: Young Professionals Forum
      • Women in Business Program >
        • WIB Event Committee
    • Member to Member Deals
    • Member Marketing Opportunities
    • Grand Opening Support
    • Conference Room Usage
    • Member Referral Bonus
    • Connect to Morris Job Bank
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    • Member Events Calendar
    • Signature Events & Programs
    • Golf Donations 2025
    • Event Photos
    • Submit an Event Idea
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    • Enhance Your Directory Listing
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