NEW BRUNSWICK, NJ — A former soap-manufacturing plant on Jersey Avenue could become a self-storage facility, according to an announcement from the realty agency that arranged the deal.
Macritchie Storage paid $2.7 million for the 50,000-square-foot building at 1007 Jersey Ave., according to West Orange-based Sheldon Gross Realty. It sits on 3.8 acres of land at the intersection with How Lane.
Marcritchie, an investment firm, specializes in buying and converting real estate into self-storage facilities, according to the press release.
“I’d initially thought this property would be purchased by another manufacturer, but it turned out to be an excellent fit for Macritchie Storage,” Jonathan Glick, Sheldon Gross Realty’s executive vice president, who brokered the transaction, said in a statement. “The location is ideal for them, and the building’s footprint is well-suited to their specific needs.”
The brick building used to house Epic Industries, according to online listings. That company, which is owned by SimonizUSA, produces sanitizers, disinfectants and other cleaners, according to its website.
This sale wasn’t Glick’s first time around 1007 Jersey Ave.
He represented the seller 20 years ago, when it bought the property, according to the press release. The most recent deal, the company noted, gave Glick “some nostalgic satisfaction.”