CARTERET, NJ-The newly completed ASA Apple intermodal distribution center at Turnpike Exit 12A was purchased for $29.7 million, in a deal arranged by Sitar Realty Co.
Centerpoint Properties Trust bought the 256,125 -square-foot warehouse situated in a growing area near shipping ports from ASA Apple and the Frank Greek Development Co. ASA Apple has a 10-year lease to operate at the facility.
The structure at 377 Roosevelt Avenue was built on a remediated and soil-capped brownfield, the site of a former fabricating plant for ASA Apple. The company is a public warehouse & intermodal transportation operator, specializing in overseas traffic coordination and end-to-end process management. It transports a variety of products ranging from beverages and foodstuffs, to plastics, chemicals, metals, and furniture.
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