Cushman & Wakefield Arranges Acquisition of 40,000-Square-Foot Warehouse
UPPER SADDLE RIVER, N.J., March 21, 2013 - Diamond Chemical Company, Inc. needed additional space beyond its 150,000-square-foot headquarters, lab and manufacturing facility in East Rutherford, N.J., and Cushman & Wakefield, Inc. located a class A industrial building in Upper Saddle River, N.J. that met all of the company's requirements. Diamond Chemical, represented by the East Rutherford-based Cushman & Wakefield team of Stephen Elman and Jeffrey Prezant, has acquired the 40,000-square-foot 29 Park Way in Upper Saddle River from Campmor Inc.
"Rather than leasing a facility for its expansion, Diamond Chemical wanted to take advantage of the current low interest rates and acquire a facility," said Elman. "Although the market is tight for purchase opportunities, we were able to locate a free-standing facility for sale that featured the 22-foot clear ceiling height Diamond required, and then facilitated the acquisition."
"Diamond Chemical required excess storage space, and we are pleased to have been able to assist them in meeting that requirement as well," said Prezant.
Diamond Chemical, with its headquarters, laboratory and manufacturing operations situated near MetLife Stadium in East Rutherford, is a national manufacturer of soaps and detergents, housekeeping, sanitizing and other industrial products for the commercial laundry, foodservice, janitorial, sanitary maintenance and healthcare industries. With more than 80 years of experience, it is one of the largest privately owned cleaning and sanitizing product companies in the U.S.