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C&W Brokers $25.2 Million Sale of Port Region Industrial Asset

AVENEL, NJ— A joint venture of Ivy Equities and CenterSquare Investment Management has sold its 317,500-square-foot manufacturing and warehouse building at 11 Cragwood Road for $25.2 million to CenterPoint Properties. Cushman & Wakefield's Metropolitan Area Capital Markets Group orchestrated the transaction.

By Steve Lubetkin | Updated on November 19, 2014

AVENEL, NJ— A joint venture of Ivy Equities and CenterSquare Investment Management has sold its 317,500-square-foot manufacturing and warehouse building at 11 Cragwood Road for $25.2 million to CenterPoint Properties. Cushman & Wakefield’s Metropolitan Area Capital Markets Group orchestrated the transaction.

Located on nearly 20 acres in New Jersey’s Port Region industrial market, 11 Cragwood Road has been fully leased to Gentek Building Products for more than four decades.

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