Cushman & Wakefield Completes Sale of 100 Friars Boulevard in West Deptford

On Jul 20, 2016

Cushman & Wakefield announced today that it represented SK Realty Management on the sale of 100 Friars Boulevard for an undisclosed price to Exeter Property Group.

The property includes a 180,000-square-foot warehouse/distribution facility strategically located on 12.7 acres at the I-295 (Thorofare – Exit 20) in West Deptford, NJ. Prior to the sale, 100 Friars Boulevard was operated by a Fortune 20 global pharmaceutical distribution company.

A Cushman & Wakefield team led by Matthew Marshall, Managing Director, and Jeffrey Williams, Managing Director, represented SK Realty Management in the transaction. Exeter Property Group was represented in-house by Henry Steinberg.

Sam Kirschenbaum, CEO of SK Realty Management stated that “Cushman & Wakefield did an excellent job executing this transaction.”

Cushman & Wakefield’s Marshall affirmed, “We are proud of our recent engagement by SK Realty Management in the sale of 100 Friars Boulevard in West Deptford. Our client gave us pricing parameters to meet, expectations for their closing schedule, and criteria for the quality of buyer they sought to purchase the asset, and we exceeded expectations in every category. In selecting Exeter Property Group as the buyer in this transaction, our sales process and closing ran professionally and efficiently.”

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