GLP Capital Partners has acquired 34 Engelhard Drive, a 203,000-square-foot industrial property in Monroe Township, NJ., for $53.8 million from Clarion Partners. Constructed in 1980, 34 Engelhard Drive occupies a 12-acre site with access to I-95.
CBRE’s Brian Fiumara led the marketing campaign and represented the seller in the negotiations. “New Jersey’s industrial market continues to show incredible resilience despite some economic headwinds,” said Fiumara. “This transaction is indicative of strength of the sector, especially for well-located warehouse/distribution facilities that meet continued robust demand.”
The post Monroe Township Industrial Property Sold for $54M appeared first on Connect CRE.
GLP Capital Partners has acquired 34 Engelhard Drive, a 203,000-square-foot industrial property in Monroe Township, NJ., for $53.8 million from Clarion Partners. Constructed in 1980, 34 Engelhard Drive occupies a 12-acre site with access to I-95. CBRE’s Brian Fiumara led the marketing campaign and represented the seller in the negotiations. “New Jersey’s industrial market continues …
The post Monroe Township Industrial Property Sold for $54M appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate