Trammell Crow Company

Real Estate Weekly, Feb 2, 2000

Frank Truesdell and Doug Gaffney, vice presidents of Trammell Crow Company, have been selected by General Motors as exclusive sales agents for a 5.8-acre site in Lyndhurst, NJ. Located at 1301 Wall Street West, the site includes a 46,750 square-foot former automobile dealership. The property is being marketed for sale and is ideal for an office and retail development opportunity.

Offering high visibility directly off Routes 3 and 17, the property was formerly used as the DeMassi Cadillac Dealership. Adjacent to the 1.2 million square-foot Meadowlands Corporate Center and near Giants Stadium and the Secaucus outlets, the property features superb access and outstanding area demographics. The existing building includes a 9,800 square-foot showroom, 32,338 square feet of storage area and 4,612 square feet of office space. Permitted uses include medical and health services, business and professional offices, eating establishments, hotels, theaters and retail.

"We are pleased to have been selected by General Motors to market this very high-profile site," said Truesdell. "The Lyndhurst property is strategically located within the Meadowlands and offers an outstanding redevelopment opportunity for developers and investors. The property's strategic location and large land site will allow for multiple uses in one of the most desirable markets in the Northeast."