CBRE National Partners Arranges Sale of Industrial Warehouse and Distribution Facility in Edison

CBRE announced that it has arranged for the sale of a 369,313-square-foot industrial facility located at One Truman Drive South in Edison. The property was acquired by Liberty Property Trust for an undisclosed amount.

Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE National Partners represented the sellers, Cohen Asset Management, Inc. & J.P. Morgan Asset Management, during negotiations. CBRE executive vice president Thomas Monahan assisted with the sale.

Built in 1978, this industrial facility features 24’ ceiling heights, 40 dock doors, six drive-in doors and an expansive paved parking area. The warehouse and distribution facility is 100 percent leased to Midwest Air Technologies, Inc.

CBRE National Partners arranged the sales of 11 properties in New Jersey in 2017, totaling $928 million in total consideration. The 11 sales transactions combined for more than 7.02 million square-feet sold.

Related Articles: