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Sunday, dec 22
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Kingsland Avenue, Clifton, NJ
Real Estate
Massive Passaic County Industrial Complex Sells For $25.5 Million
A massive two-building industrial complex in Passaic County has been sold by its original family owners for a whopping $25.5 million, TheRealDeal reports. Toronto-based asset manager Brookfield closed on the deal to purchase Marino Plazas I and II on Kingsland Avenue in Clifton, which comprise a respective 57,000 and 68,000 square feet, the outlet reports citing familiar sources. The deal is one of Brookfield’s several recent efforts to expand their Garden State presence, which now includes two dozen assets totaling 5.2 million square feet, the report says. With a lease rate of about …
Police & Fire
Stolen Car Thieves Scatter After Nearly Ramming Clifton Dealership Fence
A thief driving a stolen luxury sedan seemed intent on ramming the fence of a Clifton dealership parking lot to escape police but changed his mind at the last instant and bailed out with two accomplices leading to an extensive search. Assisted by a Passaic County Sheriff's K-9 Unit, Clifton Police Sgt. David Roe found 18o-year-old Jerry Castillo of Newark hiding in the yard of an adjacent business, Detective Lt. Robert Bracken said. Two accomplices got away, he said. Police found a stolen van that the trio used to get to the Fette Ford lot on Kingsland Avenue, where police found them – all…