Quick-close transaction adds 30,000 square feet to firm’s growing industrial portfolio
FAIRFIELD, N.J., July 07, 2026 — Legacy Real Estate Developers, in partnership with Commerce Park Investors, has acquired two industrial properties located at 10 Willow Street and 1 Barrett Avenue in Moonachie, New Jersey, further expanding the firm’s growing footprint throughout Northern New Jersey’s highly competitive industrial market. This was an all-cash transaction.
The acquisition consists of two freestanding industrial buildings totaling 29,626 square feet within the heart of the Meadowlands industrial corridor—10 Willow Street, a 19,100-square-foot facility, and 1 Barrett Avenue, a 10,526-square-foot building.
Strategically positioned near Interstate 95, Interstate 80, Route 17, Route 46, and Teterboro Airport, the portfolio offers convenient access throughout the New York metropolitan region. The surrounding area continues to benefit from strong industrial demand driven by warehousing, manufacturing, and users seeking proximity to major transportation networks and population centers.
The two properties feature newer roof systems and flexible industrial layouts suitable for a variety of industrial users. The ownership group plans to make some capital improvements and repairs designed to enhance the properties’ value while actively pursuing additional acquisition opportunities across the region.
“We continue to look for well-located industrial properties where thoughtful investment can create additional value,” said Roy Pascal, Principal of Commerce Park Investors. “The portfolio at 10 Willow Street and 1 Barrett Avenue aligned perfectly with our investment strategy, and we’re excited to partner with Legacy on another acquisition that we believe offers tremendous long-term potential.”
“For more than forty years, our organization has focused on identifying opportunities where experience and execution create a competitive advantage,” said Frassetto. “This acquisition reflects the same disciplined approach that has guided our business for decades. We continue to seek assets in strong locations where thoughtful investment, strategic repositioning, and hands-on ownership can create long-term value.”
“We’ve built our acquisition strategy around identifying underutilized properties and acting decisively when opportunities arise,” Feldman added. “That same disciplined approach continues to guide our search for low-performing and underutilized industrial assets where strategic capital improvements and repositioning can unlock long-term value.”
Maurice Assia, Vice President – Industrial and Office Division at Horvath & Tremblay, represented the seller.
The acquisition also further strengthens Legacy’s growing portfolio of industrial and commercial real estate investments throughout the region and highlights the firm’s continued commitment to identifying opportunities where market knowledge, operational expertise, and decisive execution can create meaningful value.
For inquiries regarding other properties, contact Legacy Real Estate Developers at contact@TheLegacyRE.com.
About Legacy Real Estate Developers
Legacy Real Estate Developers is a Fairfield, New Jersey–based commercial real estate firm specializing in the acquisition, redevelopment, and management of high-potential properties across the region. Built on the Frassetto family’s foundation of trust and performance, Legacy merges deep market experience with modern strategy to deliver long-term value and community impact.