Cushman & Wakefield arranged the sale of two industrial properties located at 201 Middlesex Center Blvd. and 773 Cranbury South River Rd. in Monroe Township, NJ, within New Jersey’s Exit 8A submarket. The firm’s Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema represented the undisclosed seller and procured the purchaser. The team of Stan Danzig, Jules Nissim, Steve Elman, Kimberly Bach and Eric Schlett from Cushman & Wakefield also advised the seller.
“This off-market deal underscores unabated investor demand for industrial property in premier gateway markets such as New Jersey’s Exit 8A,” said Gabriel.
201 Middlesex Center is a 600,000-square-foot cross-dock facility built in 2008, featuring 36-foot clear height, 66 dock doors and 176 trailer parking spaces. 773 Cranbury South River is a 34.73-acre land site benefitting from a 50-year ground lease initiated in 2015. The site is improved with a 488,884-square-foot Class A industrial building completed in 2017.
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