Faropoint Acquires Industrial Property In Runnemede For $29.37M

An industrial property located at 150 - 200 9th Ave & 721 E. Clements Bridge Road in Runnemede has been sold for a total amount of $29,370,000. The property spans across 429,077 square feet, resulting in a price per square foot of $68. The transaction took place on December 30, 2020.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $29,370,000
• Address: 150 - 200 9th Ave & 721 E. Clements Bridge Road, Runnemede
• Market: Runnemede

Faropoint acquired the property from Richards & Robbins. The deal was facilitated by CBRE, with Michael Hines, Brian Fiumara, Brad Ruppel, and Lauren Dawicki representing both the buyer and seller.