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Market for Refrigerated Space Gets Hotter

LOGAN, NJ-A newly built refrigerated food distribution center that has direct access to the Northeast and mid-Atlantic regions generated a dozen offers.

By Antoinette Martin | Updated on August 21, 2013

LOGAN, NJ-There were twelve offers on a fully-leased refrigerated food storage and distribution center here and it sold for more than the asking price, Marcus & Millichap reports.

The company handled the sale of the 70,000-square-foot facility, but did not disclose terms of the deal. The property is triple-net leased to Albert’s Organics/United Natural Food Inc., the largest wholesale distributor of natural, organic and specialty foods in the United States and Canada.

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