Avison Young on Monday said it arranged the sale of a 311,040-square-foot industrial property in Branchburg on behalf of the seller, Transwestern Development Co. The buyer, Abaline Supply Co., is relocating from Bayonne to the space, which will serve as its new headquarters.
Located at 3091 Route 22, the property will serve as home base for Abaline Supply’s employees and manufacturing operations. Features of the building include 42 dock doors, 40-foot ceilings, parking for 29 trailers, a solar-ready roof and toll-free access to Port Newark and Elizabeth.
Transwestern Development was represented by Matthew Turse, Tim Cadigan, Judy Troiano, John Gianis and Stephen Gianis, all based in Avison Young’s Morristown office. Abaline Supply was represented by Randy Eigen of CBRE.
The 25.56-acre property was developed over the past two years to be delivered for the owner-occupier.
“In the current market, owner-occupiers continue to be a rising trend and are steadily acquiring real estate assets for their businesses,” Cadigan said. “This project, which had been in the works for over two years, required serious navigation of the ever-evolving regulations for new manufacturing/warehouse developments in New Jersey.”
