Zimmel Associates has history at 1319 N. Broad St. in Hillside, having sold the property 13 years ago in addition to arranging the lease of the 207,000-square-foot industrial building.
On Nov. 22, the firm announced it sold the free-standing property again, this time for $30 million.
President David Zimmel marketed the building on behalf of the seller, AH Realty Associates. Rubin Realty and Associates Inc. Managing Partner Ken Rubin represented the buyer, 1319 North Broad Street LLC.
1319 N. Broad St.
- 4.4 acres
- 26 exterior dock doors
- 15-foot clear ceiling height
- 223 parking spaces
“Lack of space, a great location, solar roof panels, and tremendous demand generated a lot of purchaser interest,” said Zimmel Associates President David Zimmel. “However, 1319 North Broad Street LLC was able to close within 60 days, which gave them a leg up on other buyers.”
With a freight elevator and solar roof panels, the property is located off Route 22, less than 6 miles from Newark Liberty International Airport, close to the Newark and Elizabeth ports and with convenient access to the Garden State Parkway; New Jersey Turnpike; and Routes 78, 1 and 9.
According to Zimmel Associates, Irvington-based UniPro International Uniforms will use the building for warehousing and distribution.
The company provides uniforms and accessories for industries including law enforcement and security, transportation, and executive and career apparel. The location complements two existing distribution centers in Irvington and Reno, Nev. Altogether, Zimmel Associates said UniPro will now occupy 300,000 square feet of warehouse space.
The property was previously occupied by Ferrara Trucking. Under a lease arranged by Zimmel Associates, that tenant occupied the two-story building for the entire 13-year span from when the Edison-based brokerage first arranged its sale until now. Since the lease was ending, the owner decided to sell.