Prime 12.8-Acre Industrial Site in Linden Sells for $3.3 Million to JMF Properties

A coveted 12.8-acre industrial property, strategically located at 2800 South Wood Avenue in Linden, Union County, N.J., has successfully changed hands for a remarkable $3.3 million. The transaction, which closed in October 2023, underscores the intense demand for adaptable industrial spaces, especially those featuring significant outdoor storage capabilities in the highly competitive Northern New Jersey market.

The property, notable for its expansive outdoor storage — a premium amenity in today's logistics and industrial landscape — was acquired by JMF Properties.

As a prominent residential and commercial developer, JMF Properties is poised to leverage this strategic acquisition to expand its robust portfolio, with plans for future redevelopment that promise to revitalize the site and contribute to the region's economic growth.

This high-profile sale involved a collaboration of leading commercial real estate firms.

The seller, a private owner, was expertly represented by Scott Perkins, Greg James, Jeff DeMagistris, Tom Vetter, and Christopher Todd of NAI James E. Hanson. Their deep market insights and strategic approach were instrumental in facilitating the successful disposition of this unique asset.

On the buyer's side, JMF Properties was skillfully represented by Jeffrey Dunne, Gene Pride, Eric Apfel, and Zach McHale of CBRE.

Their expertise in identifying prime investment opportunities and navigating complex transactions proved invaluable in securing the property for JMF Properties, ensuring a smooth and efficient acquisition process.

The Linden location is particularly attractive due to its unparalleled access to critical transportation infrastructure.

Situated with easy reach of the New Jersey Turnpike, Newark Liberty International Airport, and Port Newark-Elizabeth, the property offers exceptional logistical advantages. This connectivity is a key driver for industrial users seeking efficient distribution channels and seamless access to major regional and national markets.

The sale not only reflects the property's intrinsic value but also the enduring strength and dynamism of the industrial real estate sector in Northern New Jersey, where demand continues to outstrip supply for well-located, versatile sites.