N.J. industrial deal maximizes seller’s ROI

East Meadow takes advantage of high demand

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

A partnership formed by Prism Capital Partners LLC and Centurion Realty has purchased 82 Totowa Road in Wayne, N.J., for $15 million. The 138,000-square-foot industrial building is set on 12 acres and includes 50,000 square feet of office space. The warehouse features 22-foot clear ceiling heights, 40-by-40-foot columns, six dock doors and two tail board loading areas. East Meadow Corp. sold the property to take advantage of the opportunity-constrained northern New Jersey market. The building, which has been fully occupied since its construction in 1979, is undergoing significant upgrades. ...