WCRE represented the buyer and the seller in the sale of the 25,000-square-foot property.

According to Lee & Associates - New Jersey, which represented the seller, the site will be redeveloped into modern warehouse space.

The properties total 389,501 square feet at the Raritan Center Business Park and include the 155,000-square-foot New Jersey Convention Center.

Cushman & Wakefield arranged the deal on behalf of the seller.

The South Jersey property is situated on more than 2 acres.

CBRE arranged and announced the purchase, which comes after the township's rezoning of its Corporate Business District to allow for industrial uses.

Working with others from the firm, members of CBRE's Institutional Properties group represented seller ETS in the transaction, and procured the buyer.

The firm's Dominic Fittizzi represented the buyer and the seller in the transaction for the 5,000-square-foot property Bergen County property.

The 175,000-square-foot site at 2 Carlton Ave. in East Rutherford was sold for an undisclosed amount in a short-term sale leaseback, meaning the sellers will continue to use it.

The property boasts 21,725 square feet.

The deal for the property, built in 1940 and used as a propulsion laboratory for the U.S. Navy in World War II, closed in just 35 days.

The purchasers recognized the location and uniquely upscale offerings of the property paired well with their similarly upscale merchandise.