Waitex, a third-party logistics firm specializing in warehouse and distribution for the apparel industry, has purchased a large warehouse/distribution property in Linden, N.J. The value of the transaction was more than $21 million. The 386,000-square-foot property, located at 1800 Lower Road, originally was built for Huffman-Koos in 1974. The Darby Corp. sold the property, which is situated on 18 acres. The property also includes a 60,000-square-foot retail store, which formerly served as an outlet center for Huffman-Koos. Waitex will market the retail store component for lease to a retail tenant. CB Richard Ellis represented Waitex in the transaction, while Cushman & Wakefield represented Darby. *** What's your opinion? Send your Letter to the Editor to firstname.lastname@example.org....
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