Zimmel orchestrates $17.5M sale of 2 building portfolio in Bridgewater

Zimmel Associates announced on Monday it has sold two buildings in Bridgewater for a total of $17.5 million.

The Edison-based commercial real estate firm handled the sale of 3 and 5 Finderne Ave., a two-building, 204-square-foot industrial asset situated on 20 acres.

“The seller, Fin Associates Limited Partnership, is a longtime client who came to us because they were confident that we had the ability to market the buildings and close quickly, which was very critical,” David Zimmel, CEO, Zimmel Associates, said.

The buildings are within close access to Interstate 287 and Route 22. The buyer plans to keep the assets long-term.

“The industrial market is extremely active in New Jersey,” David Zimmel said. “This transaction represented a rare opportunity to acquire two fully-leased industrial buildings in a supply-constrained environment.”