Vineland Construction Co. has sold its transportation maintenance and repair facility in Newark, NJ to Realterm NAT for an undisclosed price. The 38,072 sqf building sits on 5.5 acres at 41-65 Doremus Avenue directly off Exit 15E on the New Jersey Turnpike. The facility features 18,000 sqf of workshop space, 8,500 sqf of office space and 11,500 sqf for parts storage along with 37 overhead bay doors, with clearances between 14 and 17 feet. JLL represented both the buyer and the seller in the transaction.
“We focus on High Flow-Through (HFT) facilities, which are located in and around major population centers and offer critical, high-volume, ‘last mile’ freight distribution transfer points,” said Ed Brickley, senior vice president of Realterm NAT. “Our properties facilitate the efficient flow of goods to their final destination at the last stage of the supply chain.”
