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
325 Columbia Turnpike, Suite 101
Florham Park, NJ 07932
973.539.3882 | CONTACT US | MAP
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