GROFINEX

NEW JERSEY

Morris County

Suburban campuses and light industry along I-287 and I-80, not a port county.

Campuses and shops, not the docks

Morris is Morristown, Parsippany, and the office and light-industrial buildings along I-287 and I-80. The buyer pool overlaps with people who already work in those campuses. It is a poor match for a description copied from Elizabeth's port.

A professional firm or a specialized manufacturer here often depends on a few licensed people. If the license cannot transfer, the company is not what the brochure says. Say that in the confidential note.

Real estate is frequently a separate landlord

Many of these companies rent. A sale is then a lease assignment problem as much as a cash-flow problem. Ask the landlord's consent rules before you promise a buyer they can stay.

Questions

Is Morris part of northern New Jersey on this site?

Yes. It has its own page because the campus and light-industrial mix is not Bergen's retail corridors.

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