NEW JERSEY—MarJam Supply Co. (MarJam) has acquired the mortgages, through an affiliate, and occupancy of a 65,000-sq.-ft. industrial site at 342 Schuyler Ave. in Kearny, N.J. Jones Lang LaSalle VP Dean Brody represented MarJam, which is relocating from Newark.
Situated on approximately five acres, the three-building complex is in close proximity to Route 280 and the New Jersey Turnpike, providing a good location for MarJam, which distributes an array of building materials.
“For three years, MarJam has sought a space that meets its very specific operational needs, and this site is a great fit because of its structural amenities,” Brody said. “Additionally, the property provides a choice location, offering easy access to Jersey City and New York City, both of which are key MarJam markets.”
Built in 1960, 342 Schuyler Ave. includes a 40,000-sq.-ft. warehouse, a 20,000-sq.-ft. maintenance garage and a 4,500-sq.-ft. office building.