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Clifton Commerce Ctr I Sells for $14M

Fully Leased Industrial Property Trades in Clifton
January 14, 2015
J & L Real Properties LLC paid $13.95 million, or about $98 per square foot, for the Clifton Commerce Center I building at 200 Clifton Blvd. in Clifton, NJ. The seller, Tulfra Realty LLC, had purchased the property for $2.86 million in 2003.

The single-story, 142,800-square-foot industrial warehouse was built in 1925 and renovated in 2004. It features 24-foot ceiling heights for storage space, 13 loading docks, and two drive-in bays.

Jeffrey Dunne, Kevin Welsh, Brian Schulz, Frank Maresca, Michael Hines, Brian Fiumara, Brad Ruppel, and William Waxman with CBRE represented the seller. The buyer handled the sale in-house.

Please see CoStar COMPS #3205025 for additional information on this transaction.
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