NAI DiLeo-Bram & Co. said it represented Centron Enterprises LLC in its purchase of 130 Market St. in Kenilworth — a 7,000-square-foot industrial building.
NAI DiLeo-Bram’s team of Vice President Rich Goski and Associate Vice President Catherine Goski facilitated the deal with the buyer, the Alban Group, which was represented by Tom Bianco of Coldwell Banker.
“Our client was outgrowing its existing location in Kenilworth, and was looking for a nearby facility that had a large office component. This requirement was quite challenging to accommodate, given the limited supply in the industrial sector; however, we were able to find an ideal property that included high-end office space, which worked extremely well for our client,” Catherine Goski stated.
“We are pleased to have found this property for our client just a half-mile away from its previous location, making for a seamless relocation,” Rich Goski said. “With multiple bidders, our market expertise came into play when advising our client to make a competitive offer without overpaying for the property. Their successful offer secured an excellent value-add transaction, as industrial properties continue to trade upward at unprecedented rates.”
With convenient access to the Garden State Parkway and Route 22, 130 Market St. offers an excellent office-to-warehouse space ratio. Additional features of the property include parking for 20 cars and excellent visibility on a highly traveled thoroughfare.
