Lee & Associates N.J. brokers sale of industrial warehouse in Avenel

By Emily Bader
Avanel | Jun 28, 2019 at 10:34 am

Lee & Associates New Jersey, a commercial real estate firm based in Elmwood Park, announced recently it has brokered the sale of an industrial warehouse in Avenel.

The 81,000-square-foot property, located on 4.28 acres at 80 Essex Ave. East, is situated within the Exit 12 submarket off the New Jersey Turnpike, Lee & Associates said.

Lee & Associates said it was retained by TA Realty to market and lease the property for a late summer or early fall delivery.

Crista Governara, Drew Maffey and Rick Marchisio of Lee & Associates represented both the buyer, TA Realty, and the undisclosed seller in the deal.

The property boasts 7,557 square feet of office space, 26-foot ceilings, 11 loading dock doors expandable to 19, ample car and truck parking, a new roof, new HVAC, and more. Additional upgrades are planned as well, including new paving and a truck court, Maffey said.

“This first class industrial facility is well-suited for the operations of an e-commerce/last mile delivery company like Amazon or a national transport company like Fed-Ex or DHL” Governara, vice president and partner, said. “80 Essex Avenue East has proximity to local ports and airports, and access to more than a third of the US population within a day’s drive.”

Emily Bader | ebader@roi-nj.com | emilybader