Press Release

CBRE National Partners Arranges Sale of Industrial Warehouse and Distribution Facility in Edison

29 1 2018

warehouse

CBRE National Partners Arranges Sale of Industrial Warehouse and Distribution Facility in Edison

CBRE announced that it has arranged for the sale of a 369,313-square-foot industrial facility located at One Truman Drive South in Edison. The property was acquired by Liberty Property Trust for an undisclosed amount.

Brian Fiumara, Michael HinesBrad Ruppel and Lauren Dawicki of CBRE National Partners represented the sellers, Cohen Asset Management, Inc. & J.P. Morgan Asset Management, during negotiations. CBRE rel="noopener noreferrer" executive vice president Thomas Monahan assisted with the sale.

Built in 1978, this industrial facility features 24’ ceiling heights, 40 dock doors, six drive-in doors and an expansive paved parking area. The warehouse and distribution facility is 100 percent leased to Midwest Air Technologies, Inc.

CBRE National Partners arranged the sales of 11 properties in New Jersey in 2017, totaling $928 million in total consideration. The 11 sales transactions combined for more than 7.02 million square-feet sold.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.