Holliday Fenoglio Fowler, L.P. (HFF) announces the $51 million sale of 700 Union Boulevard, a 382,596-square-foot, newly constructed industrial building in the Northern New Jersey community of Totowa, New Jersey.

The HFF team marketed the property on behalf of the seller, The Hampshire Companies. The property was marketed along with a $146.85-million, six-building industrial portfolio totaling 1.2 million square feet in Northern New Jersey, the sale of which was closed by HFF in 2017.

Situated on 26 acres, 700 Union Boulevard is just off Interstate 80 and less than 13 miles from the New Jersey Turnpike, which provides easy access to the rest of the northern part of New Jersey and New York City. The single-story building was completed in 2018.

The HFF team included executive managing director Joe B. Thornton, Jr., senior managing directors Jon Mikula and Jose Cruz and directors Marc Duval and Jordan Avanzato.

“We continue to see investor interest in high quality and well-located industrial assets throughout the state,” Cruz said. “This closing completes the acquisition of the portfolio.”

HFF and Holliday GP Corp. are licensed New Jersey real estate brokers.

About The Hampshire Companies

The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at www.HampshireRE.com. To stay connected with The Hampshire Companies and for updates on the latest transactions and news follow the company on Facebook (http://www.facebook.com/hampshirere), Twitter (@hampshireco), and LinkedIn (www.linkedin.com/company/the-hampshire-companies).

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.