THE BLAU & BERG COMPANY ARRANGES LEASE OF 138,000 SF INDUSTRIAL PROPERTY IN ELIZABETH, NJ ON BEHALF OF THE PORT AUTHORITY OF NY & NJ
SHORT HILLS, NJ, March 5, 2019 – The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently brokered the lease of a 138,000 SF industrial property to DiPinto International Logistics, Inc., a specialist in transportation, freighting and warehousing based in Monroe, NJ. Brian DiPinto, Executive Director of The Blau & Berg Company, was the procuring broker representing both the buyer and owner in the transaction.
Located at 1400 Corbin Street in the heart of Elizabeth, NJ, the property is owned by the Port Authority of New York & New Jersey. Amidst a limited warehouse inventory in the market, the long-term lease transaction was ideal for DiPinto International, as 90% of their business is international calling in the ports of NY and NJ. The property features twenty-four bays, two drive-in doors, and yard space to accommodate up to thirty trailers.
“Given the property’s location in Port Elizabeth within minutes from Newark Liberty International Airport, New York City and major area roadways, including the NJ Turnpike, this was a timely opportunity to relocate on of our warehouse and transportation centers to the logistics hub of the northeast,” stated Robert DiPinto, Owner, DiPinto International Logistics. “The Blau & Berg Company was instrumental in expediting the deal, which will ultimately allow us to offer our clients faster and more turnkey services.”
As DiPinto International Logistics prepared to exit their current warehouse located at 5 Wheeling Road in Dayton, NJ, The Blau & Berg Company also arranged the lease of the 43,000 SF property to Greenway Products and Services, Inc. The deal was co-brokered with Brian DiPinto representing Greenway Products and Services, and Steve Nozza, Senior Vice President, Bussel Realty Corp. representing the owner, Budd Development.
About The Blau & Berg Company
The Blau & Berg Company (www.blauberg.com) was founded in 1932 and holds a leading position in the New Jersey and Tri-State commercial real estate market. Headquartered in Short Hills, New Jersey, The Blau & Berg Company is an independent, full-service commercial real estate brokerage firm, providing expert and personalized services in industrial, office and retail real estate, including: site selection, acquisitions, dispositions, leasing, tenant representation, portfolio sales, asset repositioning, and property & construction management.