May 10, 2019 Comments Off on Logistics Firm Buys Clifton Warehouse to Grow In Views: 298 New Jersey, New York News, Tri-State Area New York

Logistics Firm Buys Clifton Warehouse to Grow In

Logistics firm Shawnee Transportation, headquartered in Lancaster, PA, has acquired 50 Somerset Pl., a 121,000-square-foot industrial building in Clifton, NJ, from JRAM Investment Company. Deals terms were not disclosed.

NAI James E. Hanson’s Scott K. Perkins, Andrew Somple, Christopher Todd and Justin Allessio represented Shawnee in the acquisition. Lee & Associates’ Richard Marchisio, Scott Deutchman and Troy Wisse represented JRAM.

Shawnee sought a northern New Jersey warehouse that would meet its current and future space needs, while also providing parking for its large fleet of trucks. “Shawnee’s unique requirements and the lack of product available on the market added another layer of complexity to our negotiations,” said Allessio.

50 Somerset’s new owner plans to initially occupy 60,000 square feet and lease out the remainder. The company has retained Perkins to spearhead leasing at the property.

Connect With NAI Hanson’s Allessio

Connect With Lee NJ’s Marchisio


Subscribe to Connect Daily New York

For comments, questions or concerns, please contact Paul Bubny

Tags: ,

Comments are closed.

Send this to a friend