Brooklyn, NY – Wasa Properties announces the sale of 600 James Street in Lakewood, New Jersey. The property is a 158,760 square feet industrial building located in one of the fastest growing submarkets in Ocean County. Situated one hour from both New York and Philadelphia and just 5 miles off the Garden State Parkway, the property has easy access to main roadways and is in a prime location for its use.
Wasa Properties acquired 600 James Street in 2016 as a fully vacant historically single user occupied industrial building. Wasa Properties implemented capital expenditure program and completed renovations to both the interior and exterior of the building. Wasa repositioned vacant spaces and secured leases from regional tenants on a long-term basis.
600 James Street was sold at 100% occupancy and brokered by Imperial Real Estate Agency.