LEE & ASSOCIATES, NJ ANNOUNCES THE SALE OF NORTH BERGEN WAREHOUSE
April 27, 2015 - Elmwood Park, NJ - Lee & Associates, NJ, one of New Jersey's premier commercial real estate firms, has consummated the $1.9 million sale of a 51,500 sf. industrial building on 1.75 acres located at 4001 - 4017 Dell Avenue in North Bergen, NJ.
The facility, formerly owned and occupied by Lewisohn Sales Company, was purchased by Crowne Architectural Systems. The veteran brokerage team of Lew Solomon & Michael Schaible of Lee & Associates represented both the buyer and seller in the transaction.
Crowne Architectural Systems specializes in the installation of window and glass facades for many of the premier residential and commercial buildings currently being constructed in the greater New York metropolitan area. According to Solomon: "Although the building is rather obsolete with the original structure being constructed in the 1920's, the principals of Crowne did recognize the value of the interior clear span sections of the building along with being conveniently located directly off Rt. 1 & 9 with easy access to the Lincoln Tunnel.”
"North Bergen has always been considered a key and vital component of the Meadowlands Industrial Marketplace and it is Crowne's intention to convert the existing structures to a modern state-of-the-art example of the quality work that has led to their success," states Michael Schaible, Senior VP of Lee & Associates, NJ.
"We couldn't be more pleased that Lew and Michael were able to satisfy our client by finding just the right buyer for this unique asset," says Rick Marchisio, President of Lee & Associates, NJ.
About Lee & Associates
Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 52 locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin.
With 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information can be found at http://www.lee-associates.com. Social media include: Facebook, LinkedIn and Twitter.
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