The buyer was TA Associates, a Boston-based institutional investor. TA primarily invests in companies, primarily in the fields of technology, financial and business services, healthcare and the like. The company has not disclosed its plans for the facility.
The deal was brokered on behalf of the seller by Cushman & Wakefield of Pennsylvania. Specifically, J. Francis Mahoney, Peter Greenhalgh and Christopher Kutzler of C&W marketed and ultimately moved the property.
Located in Gloucester County in South Jersey, Pureland Industrial Park is a development of a local partnership of the same name. One of the largest such projects in New Jersey, it encompasses more than 10 million sf of light industrial and office space.
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