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Hartz Sells North Jersey Warehouse to Ares for $138.5 Million

Big Investor Continues Its Industrial Buying Binge
A photo offers an aerial view of the Wayne, New Jersey, industrial property that just sold for $138.5 million. (CoStar)
A photo offers an aerial view of the Wayne, New Jersey, industrial property that just sold for $138.5 million. (CoStar)
CoStar News
August 18, 2022 | 9:24 P.M.

Hartz Mountain Industries has sold a warehouse in Wayne, New Jersey, for $138.5 million to an investor that's been on a buying spree for industrial sites, with the recent deal once again demonstrating the high demand for buildings in that real estate sector in the Garden State.

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