| New Jersey Corporate Real Estate News Blog New Jersey Corporate Real Estate News Blog This is a company blog used by the New Jersey Jones Lang LaSalle Team to keep track of current events within the real estate sector. All items posted on this website are originally written by other authors from various sources. This is simply used as a searchable tracking system for news we found relevant to our business. Monday, October 29, 2007 Last updated: October 23, 2007 11:03am Hop Industries Buys 76, 600-SF Building By Eric Peterson LYNDHURST, NJ-Hop Industries, a supplier of plastic film, sheeting and related products, has acquired the 76, 600-sf building it had initially leased as part of a relocation from Garfield. The single-story building, consisting of warehouse, manufacturing and office space, is located at 1251 Valley Brook Ave. The identity of the seller was not disclosed; the sale price was $8.8 million, or about $114 per sf. The building had at one time been fully occupied by a regional division of YKK USA Inc., which itself has relocated within the Northern New Jersey region. And the buildings acquisition by Hop Industries was completed with the help of $6.8 million in permanent-debt financing arranged by James Gunning and Donna Falzarano of CB Richard Ellis Debt & Equity Finance, Saddle Brook. The funding was provided by Principal Real Estate Investors, according to Gunning. Hop Industries will greatly benefit from this n...
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