Invesco Real Estate Acquires Industrial Building In South Brunswick Township For $55M

The industrial building located at 152 Ridge Road in South Brunswick Township, N.J., spanning 216,000 square feet, was sold for $55 million. The property, fully leased and equipped with 33 loading doors and solar panels, is strategically positioned near Interstate 95, offering convenient access to major metropolitan areas.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $55,000,000
• Buyer: Andrew Schlossberg - Invesco Real Estate
• Brokers: Conor Walsh, Jason Lundy, Jordan Avanzato, Jose Cruz, Marc Duval & Nick Stefans - JLL
• Address: 152 Ridge Road
• Market: South Brunswick Township
• Square Footage: 216,000
• Price Per Square Foot: $255

The sale of the industrial property was facilitated by the brokerage team from JLL Capital Markets, comprising Conor Walsh, Jason Lundy, Jordan Avanzato, Jose Cruz, Marc Duval, and Nick Stefans. Invesco Real Estate, led by Andrew Schlossberg, was the entity that completed the transaction, acquiring this prime asset in South Brunswick Township.