Senior Vice President Michael Schaible of Lee’s New Jersey office represented the seller, Humphrey S. Lewis Urban Renewal Corp., while Senior Vice President Jeffrey Miller, also of Lee’s New Jersey office, represented the purchaser ITT Acquisitions LLC.
“ITT feels bullish that this Northern Bergen County locale, two minutes to the George Washington Bridge, New Jersey Turnpike (I-95) and I-80 has upside potential.”
Built in 1979, the single tenant net leased facility is leased to DENTSPLY, a global dental community with innovative, high quality, cost effective dental products.
About Lee & Associates
Celebrating more than 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 46 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.