Frozen storage facility sold in NJ's Port Industrial submarket
A fully leased frozen storage facility near Port Newark-Elizabeth sold, JLL Capital Markets announced Feb. 24.
Source: njbiz.com
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Industrial real estate fund picks up NJ FedEx facility
Boston-based NorthBridge Partners has picked up a last mile distribution center in Branchburg, NJ. JLL Capital Markets announced that it brokered the sale of the 50,400 s/f facility at 161 Meister Avenue that is fully leased to Fed-Ex. JLL marketed the property on behalf of the seller, Elberon Development Group and The Avidan Group. The facility is situated on 3.49 acres at 161 Meister Ave., less than one mile from State Route 22, the region’s main commercial thoroughfare. It is also minutes from Interstates 78 and 287, two of the New York metro area’s largest and most heavily trafficked...
Source: rew-online.com