January 10, 2020
CBRE arranged the sale of a 149,000 square-foot mixed-used property at 25 Enterprise Ave. North in Secaucus, NJ. EverWest Real Estate Investors and a Colorado-based investment fund partnered in the acquisition of the property from Glenmore Management for an undisclosed sum, and retained CBRE to oversee leasing.
The CBRE advisory and transactions services team of Kevin Dudley and William Waxman worked with colleagues Elli Klapper and Charles Berger of the firm’s tri-state investment properties team in negotiating the sale on behalf of the buyer. The seller, Glenmore Management, was self-representing.
“This property provided our client with a very rare opportunity to own a coveted asset in the heart of one of the most active industrial corridors in the country, in an off-market deal,” said Dudley.
EverWest’s Steve Feinberg said the location just five miles from Manhattan “offers excellent access for last-mile logistics users.”
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