Senior vice president Robert Squires marketed the portfolio on an exclusive basis for a family partnership that built and owned the properties for 60 years.
There were approximately 210,525 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), about half the total compared with the previous quarter.
The property offers 529,000 square feet of class A office space at 300 Interpace Parkway and 1 Upper Pond Road, with leasing opportunities from 3,500 to 90,000 square feet.
Following a summer slowdown, industrial tenants leased 13.9 million square feet during the final three months of the year, representing a 52.8 percent jump quarter-over-quarter.
The market failed to accumulate one million square feet of annual net absorption for the first time in five years, and it was the second consecutive year with negative net absorption in the final quarter.
Located on a quiet road off Route 17, the 1976-vintage townhouse-style complex includes duplex units averaging 650-square-feet each, with private balconies, wood-burning fireplaces, vaulted ceilings and hardwood flooring.
In return for the incentives, CleanTex will expand its Irvington plant and modernize its Trenton facility, adding jobs and keeping others that would have moved out of state.