Totowa Commerce Center
Real Estate

C&W Arranges Sale of 13-Building Totowa Industrial Park

Cushman & Wakefield (C&W) has arranged the sale of the Totowa Commerce Center, a 506,723-square-foot multi-tenant industrial park consisting of 13 buildings plus a 5.8-acre development site situated within the Fairfield/Passaic industrial market.

C&W’s Industrial Advisory Group, consisting of Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema, represented the seller, Heritage Capital, and procured the buyer, Longpoint Partners.

“Totowa Commerce Center represents a rare opportunity to acquire an infill industrial park of scale in Northern New Jersey,” said Gabriel.

The park benefits from over $2.8 million in recent capital improvements and hands-on management as well as its proximity to consumers, employees and business owners.

“The success of Totowa Commerce Center is illustrative of a highly efficient park that offers optionality to occupiers of all types and sizes. Nothing comparable has been built in decades and Longpoint Partners will benefit from the park’s competitive advantages,” said Schmidt.

Jeffrey Greenberg, principal of Ridgewood-based Heritage Capital Group LLC, added, “We are very excited to close this transaction with great execution by the purchaser and the Cushman & Wakefield team. Totowa Commerce Center is a great park and we know the purchaser will have further success under their ownership.”

The park contains more than 50 tenants across 12 divisible industrial buildings, one office building and a 5.8-acre development site. The property boasts 92 loading positions, clear heights ranging from 21 to 23 feet and over 1,400 total parking spaces throughout.

The Totowa Commerce Center is strategically located with immediate access to I-80 and Routes 46 and 23 and is less than five miles to Route 3 and the Garden State Parkway.

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