NEWARK, NJ—South Street East Realty LLC has acquired 361-371 South Street in Newark, N.J., a 25,517-sq.-ft.property, from The Hampshire Companies. The purchase price was not disclosed.
South Street East Realty LLC was represented by The Blau & Berg Co. in the transaction, while Tom Monahan of CBRE represented The Hampshire Companies.
The property is situated on more than four acres and provides access to New Jersey ports and Newark Liberty International Airport, as well as close proximity to Interstates 280 and 78, the New Jersey Turnpike and the Garden State Parkway.
“The buyer, who owns the adjacent property, was looking to expand its existing business, and the building was an ideal match for the company’s needs,” said Kim Stirba, seniormanager for The Hampshire Companies.