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Automotive Retailer Sells 197,000-SF Building

BRIDGEPORT, NJ-Pep Boys will consolidate its distribution operations in New York State after selling this New Jersey facility to a Boston-based institutional investor for $5 million.

By Eric Peterson | Updated on June 29, 2001

BRIDGEPORT, NJ-Pep Boys, the chain of automotive stores, has sold its 197,000-sf warehouse/distribution facility at the Pureland Industrial Park for $5 million. The company is vacating the high-bay building to consolidate its operations at an existing location in Chester, NY.

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.

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