Ex/Im Company Sells 63,000-SF Asset

EAST BRUNSWICK, NJ-The 63,000-sf industrial building at 34 Kennedy Blvd. here has been sold for an undisclosed price. The asset has traded between two owner/occupants, with seller Cathay Import & Export turning it over to Dicken LLC, a subsidiary of the Brooklyn, NY-based Vahl Inc.

SVP Jonathan Glick of the West Orange, NJ-based Sheldon Gross Realty Inc. represented seller Cathay in the transaction. Alliance Real Estate Group of Englewood Cliffs, NJ. represented Dicken LLC, a precision machine manufacturer.

“East Brunswick was extremely receptive to the buyer relocating to the town, as there are few New Jersey manufacturers located in the area,” Glick says. And for Cathay, which specializes in the export and import of apparel, the transaction marks its relocation to another site in this Middlesex County township, with Glick similarly providing the representation.

During its ownership tenure at 34 Kennedy Blvd., Cathay had expanded the original 21,000-sf building with a 42,000-sf, two-story addition. The facility includes 5,500 sf of office space, two loading docks and parking for 50 cars.