Union County Industrial Sales Near $5 Million, Highlighting Market Resilience

Union County's Industrial Market Thrives Amid Challenges

In an impressive display of resilience, Union County's industrial real estate market continues to thrive as NAI DiLeo-Bram & Co. recently facilitated two separate industrial-property sales totaling nearly $5 million. Vice President Richard Goski and Associate Vice President Catherine Goski-Vasquez led the transactions that have caught the attention of local businesses and investors alike.

Highlighting Key Properties Sold

The first notable sale was a 6,000-square-foot industrial building located at 612 Elizabeth Ave. in Linden's St. Mark's Park neighborhood, which was sold to an unnamed HVAC company. This single-story building stands on 0.18 acres and is fully air-conditioned, featuring functional amenities like clear ceilings that reach 16 feet, a 12-foot x 12-foot drive-in door, and a 10-foot x 10-foot interior door. Its strategic proximity to major transport hubs like Newark Liberty International Airport and Interstate 95 adds to its appeal.

According to Goski, "This property stood out thanks to its strong physical condition and thoughtful amenities. It's an impeccably maintained facility, ideal for service-oriented businesses like the HVAC company that acquired it." This dedication to high-quality, functional spaces underscores the ongoing demand in the region.

Another Success in Plainfield

Similarly, in Plainfield at 1260 North Ave., a single-story warehouse spanning nearly one acre was sold. This property boasts a spacious parking lot with over 40 spaces, a loading dock, and two drive-in docks, making it perfect for a flooring distribution company now operating there. Goski-Vasquez highlighted the attractiveness of Plainfield's industrial real estate to a variety of users, stating, "The location allows warehouse and logistics companies to tap into new markets while keeping transportation costs low." This strategic advantage is essential as businesses seek to optimize their operations in a competitive marketplace.

The Future of Industrial Real Estate

The consistent interest in Union County's industrial properties not only illustrates robust local business activity but also emphasizes the county's potential for further growth. As more companies recognize the strategic benefits of operating from Union County, the landscape for industrial real estate will likely continue to evolve positively. As residents and business owners watch this trend with anticipation, it is clear that the area's industrial market remains a vibrant part of its economic fabric.