Contacts: Kurt Praschak / kpraschak@successcomgroup.com / 973.992-7800, x.289
Lupe Dragon / ldragon@successcomgroup.com / 973.992-7800 x.172
Readington warehouse is sold
Features 11,700 square feet of space; in use for industrial distribution
50 Tannery Rd, Readington, NJ
Click for high-resolution image
READINGTON, NJ (April 14, 2025) – An 11,700-square-foot warehouse in Readington has been sold in a deal brokered by Sheldon Gross Realty Corporate Sales Representative Joshua Glussky.
Located at 50 Tannery Road, the property – with a cap rate of 7.8% – is part of the Readington Industrial Center Condominium Association. Its tenant has been in place for more than a decade, utilizing the space for distribution of industrial filtration and fluid-handling equipment.
“When a tenant stays in place for that length of time, it speaks volumes,” Glussky observes. “This property basically defines the concept of ‘central location.’ It’s right in the middle of everything, which provides multiple benefits – including quick outbound and inbound transport and easy access the area’s best talent.”
Only minutes from Route 78 and Route 287, the Tannery Road property is just 35 miles from Trenton-Mercer Airport. Newark Liberty International is only 45 minutes away.
About Sheldon Gross Realty
Based in New Jersey, Sheldon Gross Realty, Inc. offers clients a broad array of specialized services, including office, industrial and retail brokerage; tenant representation; property and asset management; office relocation; and consulting. Founded in 1962, the firm is known for its long-term client relationships, high percentage of repeat business, and a stellar 95 percent success rate in leasing/selling the property assignment it undertakes. Featuring an exceptional team of professionals renowned for outstanding customer service and committed to unparalleled market research, Sheldon Gross Realty addresses its clients’ corporate real estate needs on a local, regional, and national scale.
Additional information is available online at www.sheldongrossrealty.com. A free consultation is available by calling 862.930-5714.
# # #