Two industrial buildings in Piscataway have been sold for $19.4 million in an off-market transaction to Boston-based Longpoint .

The acquisition includes properties at 121 and 131 Ethel Road West, totaling 101,454 square feet and previously owned by a private investor for 25 years, according to a statement .

The small-bay industrial buildings are fully leased to various tenants spanning distribution, warehousing, food production, and research and development operations.

Drew Maffey and Joseph Komitor from Lee & Associates’ WBE New Jersey office represented Longpoint in the transaction.

Maffey said small-bay real estate is seeing high demand in New Jersey from both investors and tenants.

“It’s the industry’s ‘sweet spot’ in today’s climate,” Maffey said.

Highway access was a key

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