NEW YORK, January 13, 2021 — JLL Northeast Industrial Markets announced that it has completed the sale of 100 Commerce Road, a 12,200-square-foot commercial kitchen and distribution facility located in Carlstadt, New Jersey, on behalf of Kessel Associates. Emerline LLC purchased the property.
The fully air-conditioned property features a 1,200-square-foot office space, 14 parking spaces, 16’-clear ceiling heights, 27’ x 40’ column spacing, two loading docks and a drive-in door. The current tenant, Sterling Affair, is a catering firm.
100 Commerce Road is located five minutes from East Rutherford’s MetLife Stadium and offers easy access to Route 3, Interstate 80 and Interstate 95 for convenient transportation across the tri-state area, and to the Lincoln Tunnel for travel into New York City.
Managing director Howard Weinberg of JLL Northeast Industrial Markets represented the seller.
“100 Commerce Road offers tremendous versatility for a range of uses and its location provides unparalleled access to the entire tri-state area and New York City,” said Weinberg. “This property stands out as a highly adaptable, well-situated industrial property as activity in the Northeast continues to grow.”
JLL formed its Northeast Industrial Region in early 2017, combining its industrial brokerage operations in Connecticut, New Jersey, New York and Pennsylvania into a single region. The firm merged its industrial business lines to better serve clients that increasingly view the industrial sector in all four states as one large interconnected market. The Northeast Industrial Market comprises approximately 1.54 billion square feet of industrial space, and represents the largest industrial market in the United States.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.