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Bridge Net Lease announced that it has acquired two off-market manufacturing and distribution assets located in Hazleton, PA, totaling 283,450 square feet. The assets, located at the intersection of... | June 1, 2023
J.G. Petrucci Co. Inc., of Asbury, New Jersey, acquired two light industrial properties at 6980 and 7020 Snowdrift Road in the Iron Run Corporate Center from Connecticut-based Penwood Real Estate Investment Management
LA-based investment firm Cohen Asset Management has closed on the $29.6 million acquisition of another New Jersey warehouse property. CBRE represented the seller, Scannell Properties, in the sale of 2555 Kuser Road in Hamilton, a 145,950 s/f industrial warehouse, located within an hour of Newark and Philadelphia International Airports, Port Newark and Port Elizabeth. The property is currently under construction and expected to deliver in February 2021. The CBRE National Partners’ team of Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki led the marketing efforts and represented S...
CBRE announced today the $21.95 million sale of 3254 N. Mill Road in Vineland, New Jersey, a fully leased 269,500 s/f regional distribution center located in Cumberland County. The CBRE National Partners’ team comprised of Michael Hines, Brian Fiumara, Brad Ruppel and Lauren Dawicki led the marketing efforts and represented the seller, Vineland Construction, in the transaction. The buyer was High Street Logistics Properties, a Massachusetts-based private equity firm. “This property offers superior regional access from Baltimore to Boston and direct access to the Philadelphia and Southern...
CBRE announced the $29.37 million sale of Runnemede Corporate Center, a seven-building, 304,077 s/f light industrial portfolio serving the greater Philadelphia last-mile and regional distribution markets in Runnemede, New Jersey. Richards & Robbins sold the portfolio, which includes four development parcels with expansion potential of nearly 125,000 s/f, to Faropoint, an industrial investment firm that has been actively engaged in the commercial real estate market of the Southeast, Mid-Atlantic, and Midwest regions of the United States. The CBRE National Partners’ team comprised of Michael...