{"id":1004495173,"date":"2020-11-24T05:42:27","date_gmt":"2020-11-24T13:42:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004495173"},"modified":"2025-02-26T02:23:34","modified_gmt":"2025-02-26T10:23:34","slug":"cushman-wakefield-closes-new-jersey-warehouse-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-new-jersey-warehouse-sale\/","title":{"rendered":"Cushman & Wakefield Closes New Jersey Warehouse Sale"},"content":{"rendered":"
\"\"<\/a>

801 Washington Ave. Image courtesy of Cushman & Wakefield<\/i><\/p><\/div>\n

Cushman & Wakefield has brokered the sale of a 100,627-square-foot industrial property in Carlstadt, N.J. The company assisted the seller, Sitex Group, and sourced the buyer, Realterm. The brokerage team included Vice Chairman Gary Gabriel, Executive Vice Chairmen David Bernhaut and Chuck Fern, Managing Directors Kyle Schmidt and Thomas Tucci, along with Associate Director Ryan Larkin.<\/p>\n

The facility previously traded in March 2019, when Nash Distributors sold it for $20 million<\/a>, according to Yardi Matrix data. CIBC Bank USA provided a $14.1 million acquisition loan to Sitex Group at that time.<\/p>\n

Located on 6 acres at 801 Washington Ave., the single-story warehouse was completed in 1981. The property has three grade-level doors, 12 loading bays, a cold storage component and a 2-acre parking lot. A credit tenant occupies the building under a lease expiring in 2029.<\/p>\n

The property is within 10 miles of Midtown Manhattan, 3 miles from Interstate 95 and Teterboro Airport. A number of major companies operate in the immediate vicinity, including Amazon, Coca-Cola Bottling Co. and IMEX Global Solutions.<\/p>\n

Realterm\u2019s acquisitions are focused on high flow-through (HFT) facilities, according to the company\u2019s Associate Vice President of Investments Ben Andreycak. In May, the firm closed Realterm Logistics Fund III, a $370 million fund<\/a> that invests nationwide in this asset type.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Gary Gabriel, David Bernhaut, Kyle Schmidt and Ryan Larkin represented the seller and sourced the buyer of the 100,627-square-foot facility.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1600,21742,10],"tags":[32799,35020,35021,49252,37255],"class_list":["post-1004495173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-new-york","category-latest","category-northeast","tag-cushman-wakefield","tag-david-bernhaut","tag-gary-gabriel","tag-realterm","tag-sitex-group"],"acf":[],"yoast_head":"\nCushman & Wakefield Closes New Jersey Warehouse Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-new-jersey-warehouse-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman & Wakefield Closes New Jersey Warehouse Sale\" \/>\n<meta property=\"og:description\" content=\"Gary Gabriel, David Bernhaut, Kyle Schmidt and Ryan Larkin represented the seller and sourced the buyer of the 100,627-square-foot facility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-new-jersey-warehouse-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-24T13:42:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:23:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-new-jersey-warehouse-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-new-jersey-warehouse-sale\/\",\"name\":\"Cushman & Wakefield Closes New Jersey Warehouse Sale - 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