{"id":1004202836,"date":"2018-01-09T06:17:36","date_gmt":"2018-01-09T14:17:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004202836"},"modified":"2022-12-07T02:50:35","modified_gmt":"2022-12-07T10:50:35","slug":"tulfra-sells-nj-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/","title":{"rendered":"Tulfra Sells NJ Industrial Portfolio"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004202840\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004202840\" data-attachment-id=\"1004202840\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/new-jersey-skyline\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"New Jersey skyline\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;New Jersey skyline&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg?w=800\" class=\"wp-image-1004202840 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg\" alt=\"New Jersey skyline\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004202840\" class=\"wp-caption-text\">New Jersey skyline<\/p><\/div>\n<p>Tulfra Real Estate has disposed of an industrial portfolio comprising four net-leased properties totaling 254,000 square feet across Northern New Jersey. NKF Capital Markets represented Tulfra in the deal.\u00a0<\/p>\n<p>The single-tenant assets were sold at 100 percent interest. Ranging in size from 38,000 to 141,000 square feet, tenants include plastics manufacturers and assembly, storage, private label supplement development, light industrial and office firms. Each building is located within five miles of a major New Jersey thoroughfare, offering easy connectivity.\u00a0<\/p>\n<p>Executive Managing Director Kevin Welsh, Managing Director Brian Schulz and Financial Analyst Jason Emrani of\u00a0NKF&#8217;s Tri-State Capital Markets Team completed the transaction and procured the buyer.\u00a0The NKF Capital Markets Debt &amp; Structured Finance team of Vice Chairmen\u00a0&amp; Co-Heads Jordan Roeschlaub and Dustin Stolly, Managing Director Dan Fromm and Associate Robert Tonnessen, secured acquisition financing for the purchase.<\/p>\n<p><em>\u201cThe Portfolio represents another successful repositioning by Tulfra, who spent millions in upgrades, limiting capital exposure and enhancing curb appeal of the properties,\u201d<\/em> said Schulz, in prepared remarks. <em>\u201cDemand for well-located industrial assets is at an all-time high, with very few offerings in the market. The buyer will benefit from long-term, stable cash flow secured by 9.6\u00b1 years of remaining lease term with contractual rent bumps providing increasing yield.\u201d<\/em><\/p>\n<p>Most recently,\u00a0NKF Capital Markets also arranged the sale of a two-building, 426,866-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/aew-sells-salt-lake-city-industrial-asset-for-37m\/\">industrial facility in Salt Lake City<\/a>\u00a0for $37.2 million.<\/p>\n<p><em>Image courtesy of Wikimedia Commons\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NKF Capital Markets represented Tulfra in disposing four single-tenant, net-leased properties at 100 percent interest. <\/p>\n","protected":false},"author":746,"featured_media":1004202840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21742,10],"tags":[36007],"class_list":["post-1004202836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-latest","category-northeast","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tulfra Sells NJ Industrial Portfolio - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Tulfra Sells NJ Industrial Portfolio","og_description":"NKF Capital Markets represented Tulfra in disposing four single-tenant, net-leased properties at 100 percent interest.","og_url":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-01-09T14:17:36+00:00","article_modified_time":"2022-12-07T10:50:35+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/","name":"Tulfra Sells NJ Industrial Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg","datePublished":"2018-01-09T14:17:36+00:00","dateModified":"2022-12-07T10:50:35+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/New-Jersey-skyline.jpg","width":800,"height":620,"caption":"New Jersey skyline"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/tulfra-sells-nj-industrial-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Tulfra Sells NJ Industrial Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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