CBRE announced today the sale of a 133,032-square-foot industrial facility at 100 Crows Mill Road in Keasbey, New Jersey. The CBRE team of William Waxman, Mindy Lissner, Steven I. Beyda and Robert Pine negotiated the transaction on behalf of the seller, TA Realty. CBRE vice president Dorothy Chuang represented the buyer, California-based Seville Gateway Investments, LLC. The purchase price was $18,624,480.
“Originally only available for lease, we were able to negotiate an off-market sale that closed in record time,” said Mr. Waxman. “Located in Los Angeles, Seville Gateway was interested in a facility in the New Jersey area that was in close proximity to the Port to better service its Northeast operations. 100 Crows Mill Road offers the new ownership truly unparalleled access to all the local waterways and airports, as well as an excellent labor pool.”
Built in 1971, 100 Crows Mill Road is strategically located at the crossroads of the New Jersey Turnpike, Route 440, Interstate 287, Route 1/9, Route 35 and the Garden State Parkway. The property was recently renovated and offers on-site trailer parking, LED lighting with motion sensors and access to one of the most affluent consumer markets in the region. It is in close proximity to local FedEx and UPS hubs, hotels, restaurants, child care facilities, sports parks and the New Jersey Convention & Exposition Center.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates) and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
