New Brunswick Manufacturing Facility Purchased for $2.7M

On Jun 6, 2017

A 50,000-square foot manufacturing facility in New Brunswick, which sits on a 3.8-acre site at 1007 Jersey Avenue, has been purchased by Macritchie Storage for $2.7 million. The deal was arranged by Jonathan Glick, executive vice president for Sheldon Gross Realty, who represented the seller.

The location had previously been utilized as a soap-manufacturing facility. Macritchie Storage, a private investment company, specializes in acquiring properties and converting them into self-storage locations.

“I’d initially thought this property would be purchased by another manufacturer, but it turned out to be an excellent fit for Macritchie Storage,” Glick explains. “The location is ideal for them, and the building’s footprint is well-suited to their specific needs.”

The deal also provided some nostalgic satisfaction to Glick. Two decades ago, he’d represented the very same client during the purchase of the 1007 Jersey Avenue property.

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