Rochelle Park-based Tulfra Real Estate on Sept. 8 said it sold four units totaling 64,584 square feet at Totowa Business Center to longtime tenant Emergence Church.
Harry Rosen of Pompton Plains-based DL Rosen & Co. acted as the procuring broker, while Alan Cafiero from Marcus & Millichap in Saddle Brook acted on behalf of the seller.
“Emergence Church has built a large, warm, and engaging congregation out of its space in the Totowa Business Center and has seen tremendous growth and success,” said Marcus Lee, asset manager, Tulfra Real Estate.
Totowa Business Center, 930 Riverview Drive, Totowa. – TULFRA REAL ESTATE
Located at 930 Riverview Drive in Totowa, Emergence Church relocated to the Center in 2011 to accommodate its growing congregation. The church runs services and operates a daycare center out of this location.
“With this acquisition, Emergence Church is building a permanent home and headquarters as it continues to serve the spiritual needs of worshipers throughout North Jersey,” Lee said.
Tulfra Real Estate acquired the Totowa Business Center in 2015. The two-story property totals 225,000 square feet of mixed-use space.
Prior to the sale of Units B3, B4, B5 and B7 to Emergence Church, Tulfra sold a 91,000-square-foot, 1,500-unit self-storage facility to Extra Space Storage for $19.5 million. It also sold 27,000 square feet to a private investor for $5 million in 2018; Tyco Integrated Security is the current occupant of that space and will be until 2030.
Other Totowa Business Center tenants include the County of Passaic, which acquired a 27,000 square foot office in December 2016 to house its Departments of Senior Services, Disability, and Veterans Affairs; and RDD Associates, a food brokerage firm.
“Totowa Business Center is easily accessible from Routes 23 and 46 and Interstate 80, attracting customers, congregants, and employees from all over North Jersey with ease,” Lee said.
