TOTOWA, N.J., February 18, 2026 — Peter Feldman, president of Legacy Real Estate Developers, announced that the firm has completed the acquisition of 611 Union Boulevard in Totowa, New Jersey. The 26,630 square foot industrial property was purchased in a joint venture partnership with Commerce Park Investors. This marks the fourth joint venture between Legacy Real Estate Developers and Commerce Park Investors.
Howard Weinberg of JLL was the broker on the transaction.
Situated on 1.05 acres, the property consists of industrial and flex space. Originally built in 1980, the site was home to Knickerbocker Machine Shop, a long-standing regional manufacturer that expanded into new markets under the Alloy Stainless Products company name.
Plans call for redevelopment into a mixed-use industrial, flex, and retail property.
“This acquisition reflects the type of strategic investment for both firms that we continue to prioritize across New Jersey,” said Legacy Real Estate Developers Chairman, Salvatore Frassetto. “Northern New Jersey remains a critical industrial market, and Totowa in particular offers strong fundamentals — from workforce availability to transportation access. Properties like 611 Union Boulevard allow us to invest thoughtfully while maintaining a long-term view of market demand.”
The property is located along Union Boulevard in Totowa with convenient access to Routes 80, 46, and 23. The area also benefits from proximity to regional transportation, including two commuter rail lines approximately 1.5 and 2.8 miles away, as well as access to Newark Liberty International Airport and the Port Newark–Elizabeth Marine Terminal, each located roughly 20 miles from the site.
“611 Union Boulevard offers a solid industrial footprint in a supply-constrained region where demand remains steady,” said Feldman. “Its layout, and location make it an asset that can support a variety of users while fitting seamlessly into our broader portfolio strategy.”
“This is the type of asset that checks the right boxes for us,” said Roy Pascal, owner of Commerce Park Investors. “It’s a well-sized industrial asset in a proven market, supported by strong transportation that matters to today’s tenant. We see long-term value in properties like this, particularly in markets where industrial real estate remains limited.”
The collaboration between Legacy Real Estate Developers and Commerce Park Investors has included prior New Jersey acquisitions at 22 Readington Road in Branchburg, the former Casio headquarters at 570 Mount Pleasant Avenue in Dover, and 1 Apollo Drive in Whippany.
“Our approach is consistent — identify well-located industrial assets, move decisively, and position them for long-term performance,” Feldman added. “This acquisition is another example of how experience, market knowledge, and collaboration come together to create lasting value.”
The property is currently available for sale or lease on an as-is basis, offering flexibility for future ownership or tenancy. Additional information is available upon request.
For information, contact Peter Feldman at 973-227-3333 x315.
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.
About Commerce Park Investors
Commerce Park Investors is a vertically integrated real estate investment and development firm focused on acquiring, improving, and operating industrial real estate throughout New Jersey and Pennsylvania. The company owns more than 1.8 million square feet across 50+ properties and specializes in transforming underutilized and mismanaged assets into high-performing, income-generating investments.