{"id":1004350631,"date":"2019-09-12T23:57:45","date_gmt":"2019-09-13T07:57:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004350631"},"modified":"2025-02-27T22:33:22","modified_gmt":"2025-02-28T06:33:22","slug":"cushman-wakefield-brokers-sale-of-new-jersey-industrial-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-brokers-sale-of-new-jersey-industrial-building\/","title":{"rendered":"Cushman &#038; Wakefield Brokers Sale of New Jersey Industrial Building"},"content":{"rendered":"<div id=\"attachment_1004350637\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/114-Beach-St-Rockaway.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004350637\" data-attachment-id=\"1004350637\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-brokers-sale-of-new-jersey-industrial-building\/114-beach-st-rockaway\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/114-Beach-St-Rockaway.jpg\" data-orig-size=\"1000,775\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;7.1&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1541538936&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;16&quot;,&quot;iso&quot;:&quot;320&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"114 Beach St. Image courtesy of Cushman &#038; Wakefield\" data-image-description=\"&lt;p&gt;114 Beach St. Image courtesy of Cushman &#038; Wakefield&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;114 Beach St. Image courtesy of Cushman &#038; Wakefield&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/114-Beach-St-Rockaway.jpg?w=1000\" class=\"wp-image-1004350637 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/114-Beach-St-Rockaway.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/114-Beach-St-Rockaway.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/114-Beach-St-Rockaway.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/114-Beach-St-Rockaway.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004350637\" class=\"wp-caption-text\">114 Beach St.<em> Image courtesy of Cushman &amp; Wakefield<\/em><\/p><\/div>\n<p>Cushman &amp; Wakefield has facilitated the sale of 114 Beach St., a 170,000-square-foot industrial building in Rockaway, N.J. &nbsp;A team comprising Andrew Schwartz<strong>, <\/strong>Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Andrew MacDonald and Jordan Sobel<strong>, <\/strong>alongside Stephen&nbsp;Sander, represented the seller, The Silverman Group, and procured the buyer, Sholom Davidowits of Davco Group. The property changed hands in a $4.7 million deal, Yardi Matrix data shows.&nbsp;<\/p>\n<p>The property encompasses six buildings sitting on more than 10 acres. They were completed in 1905 and 1931, respectively, and are 99 percent occupied by 17 companies. Notable tenants include Carolan Packaging, Plastiform Packaging, Paws-itive Experience Pet Services, Cutters Tree Services and Grey Sky Films.<\/p>\n<p>Located in the center of Morris County, the last-mile industrial complex is situated close to major thoroughfares such as Interstate 80 and Route 46. More than 34 million customers are located within a 3-mile radius. New York City is 35 miles away.<\/p>\n<p>According to Yardi Matrix data, The Silverman Group had purchased the property <a href=\"https:\/\/www.commercialsearch.com\/news\/the-silverman-group-pays-183m-for-multi-state-portfolio\/\">last February <\/a>as part of a 5 million-square-foot portfolio. This was the second industrial complex Davco Group acquired this year.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to&nbsp;<a href=\"mailto:deals@cpe-mhn.com\"><strong>deals@cpe-mhn.com<\/strong><\/a>.<\/em>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company represented both the seller and the buyer in the transaction of a last-mile industrial complex in Rockaway, N.J.<\/p>\n","protected":false},"author":741,"featured_media":1004312369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,10],"tags":[32799,46919,40338],"class_list":["post-1004350631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-northeast","tag-cushman-wakefield","tag-davco-group","tag-the-silverman-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cushman &amp; 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