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152 Ridge Road
SOLD

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

152 Ridge Road

Industrial
216,000 SF
clock iconSold 136 days ago
Jason Lundy
Nick Stefans
Marc Duval
+ 4
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Summary

Sale
NEW JERSEY
Industrial
216,000 sqft

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:

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.

Players

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    7

  • Agents

    6

  • Agencies

    1

Jason Lundy's profile picture
Jason Lundy
JLL-image
Analyst
$828.2M Sold
Marc Duval's profile picture
Jordan Avanzato's profile picture
Conor Walsh's profile picture

Details

Deal Summary
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SOLD
IMAGE: Andrew Schlossberg, Conor Walsh, Jason Lundy, Jordan Avanzato, Jose Cruz, Marc Duval & Nick Stefans DATE: 02/29/2024 ADDRESS: 152 Ridge Road MARKET: South Brunswick Township ASSET TYPE: Industrial BUYER: Andrew Schlossberg - Invesco Real Estate (@InvescoUS) BROKERS: Conor Walsh, Jason Lundy, Jordan Avanzato (@JordAvz7), Jose Cruz, Marc Duval (@MarcDuval241) & Nick Stefans - JLL (@JLL) SALE PRICE: $55,000,000 SF: 216,000 ~ PPSF: $255 NOTE: Invesco Real Estate purchased the 216,000-square-foot industrial building at 152 Ridge Road in South Brunswick Township, N.J., for $55 million. The fully leased property, brokered by JLL Capital Markets, boasts 33 loading doors and solar panels and is strategically located near Interstate 95 for easy access to major metropolitan areas.

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Address152 Ridge Road

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