(Read more on the industrial market.)
MT. LAUREL, NJ-Making its first investment deal in the Delaware Valley region, Exeter Property Group has acquired the 70,000-sf W/D facility at 804 East Gate Dr. within the East Gate Corporate Center here. The sale price of $3.7 million factors out to approximately $53 per sf.
The deal was arranged by Richard F. Smith Jr., a principal of Avir Realty Group, Ft. Washington, PA. Smith represented seller Five Point Plaza Associates, a locally based private real estate investment partnership.
The building, situated on a 6.8-acre site, has been occupied on a long-term basis by Interline Brands, a Jacksonville, FL-based direct marketer and distributor of maintenance, repair and operations products, including plumbing, electrical, hardware, HVAC and related supplies. The company uses the location to serve customers in the tri-state region of New Jersey, Pennsylvania and Delaware.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.