NAI DiLeo-Bram & Co. (NAIDB) announced the successful $10.5 million sale of 281 Centennial Avenue, a 41,309-square-foot industrial facility in Piscataway.
The transaction was handled by a specialized NAIDB brokerage team including Principal Robert DiLeo, Vice President Kyle Gerace, and Associate Vice President Robert DiLeo. The team represented the seller, Binsky & Snyder, and worked directly with the buyer, Eastern Lift Truck Co., Inc.
The facility is located within the Centennial Avenue business corridor, a prime location for industrial users due to its functional layout and well-maintained infrastructure. For Eastern Lift Truck Co., Inc., the acquisition serves as a strategic expansion in a region known for high barriers to entry and limited inventory.
“This transaction underscores the continued demand for industrial assets in the Piscataway market,” Robert DiLeo said. “The property’s location and functional layout made it a desirable acquisition for Eastern Lift Truck Co. as they expand their footprint.”
Piscataway continues to be a focal point for the state’s industrial sector. Its proximity to critical infrastructure—including I-287, the New Jersey Turnpike, and Port Newark-Elizabeth—makes it a top choice for distribution and logistics firms.
The sale of 281 Centennial Avenue highlights a specific appetite for mid-sized industrial properties that offer regional connectivity.
