WEISS REALTY ARRANGES SALE OF LODI INDUSTRIAL BUILDING

MOONACHIE, NJ - Jaime Weiss, president of Weiss Realty with headquarters in Moonachie, has announced it has completed the sale of 130 Gregg Street, Lodi, NJ, a 30,420 square foot industrial building to Bruce Iannelli, President of European Auto Wholesalers, Ltd for $1,914,460. Jaime Weiss exclusively represented the buyer and Scott Perkins of NAI James Hanson, Inc. represented the seller.

"Jaime Weiss put a great deal together for us" commented buyer Bruce Iannelli, "most importantly, he recognized that the property was ideal for our current needs." The building is on 1.76 acres and includes 4,600 square feet of office space, 22 parking spaces, and is near routes 80 and 17. Joseph R. Torre of Joseph R. Torre PA was the attorney for the buyer and the attorney for the seller was Henry Ramer of Williams, Caliri, Miller and Otley.

Recognized by NAIOP (National Association of Industrial and Office Properties) for its recent success in leasing office space for North Fork Bank, Weiss Realty is an independent office, industrial and retail real estate brokerage firm whose current property management and investment portfolio comprises more than 3 million square feet of space. For more information on Weiss Realty please call (201) 814-1800.