HFF announces $51M sale of Totowa industrial building

Holliday Fenoglio Fowler L.P. announced the $51 million sale of a newly-constructed industrial building in Totowa.

HFF marketed the single-story, 382,596-square-foot property on behalf of the seller, The Hampshire Companies.

Situated on 26 acres, 700 Union Blvd. is located within close access to Interstate 80 and New Jersey Turnpike.

Joe B. Thornton Jr., executive managing director; Jon Mikula and Jose Cruz, senior managing directors; and Marc Duval and Jordan Avanzato, directors; comprised HFF’s marketing team.

“We continue to see investor interest in high quality and well-located industrial assets throughout the state,” Cruz said. “This closing completes the acquisition of the portfolio.”