NAI DiLeo-Bram & Co. said March 4 that it managed the $18.2 million sale of 80 Executive Ave., a 50,400-square-foot industrial warehouse and distribution facility.
The firm negotiated the trade of the institutional-grade asset on behalf of the buyer, Fujipoly America LLC, from the seller, Menlo Executive Associates LLC
The NAIDB brokerage team included Principal Robert J. DiLeo, Vice President Kyle Gerace, Associate Vice President Robert V. DiLeo and Vice President Chris Chiusolo.
“This property drew significant interest from our client from the outset due to its prime location within one of Central New Jersey’s most established business corridors,” said Robert J. DiLeo.
“With a limited supply of Class-A industrial buildings available for sale in this size category, Fujipoly America secured a strategic asset for their future. The company intends to invest millions of dollars into the site, transforming the facility into its U.S. corporate headquarters.”
The e-commerce fulfillment property, built in 2020, offers easy transit via Exit 10 of the New Jersey Turnpike and the Outerbridge Crossing.
The facility has 3,000 square feet of first-floor office space and a 3,000-square-foot mezzanine. High-velocity loading is supported by five dock doors, expandable to eight, and one drive-in door. Interior features include 32-foot ceiling clearance, 50-foot-x-50-foot column spacing, an ESFR sprinkler system (early suppression fast response) and heavy power (1,200 amps). The site also has more than 25 vehicle parking spaces and six trailer-parking positions.
