Marcus Partners Acquires 200000 SF Property In South Plainfield For $36.5M With Buyer's Rep From Lee & Associates

The property asset involved in this transaction is a 200,000-square-foot industrial facility located at 18 Harmich Rd, South Plainfield, NJ. It was sold for $36,500,000.00 and consists of two buildings situated on an 18-acre site. Key features of the property include clear heights of 28 feet, multiple loading docks, and additional outdoor storage space, making it a significant asset in the South Plainfield market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $36,500,000.00
• Address: 18 Harmich Rd, South Plainfield, NJ
• Square Footage: 200,000
• Market: South Plainfield
• Buyer: Marcus Partners
• Seller: Undisclosed
• Buyer’s Rep: Crista Governara-Lee & Associates, Drew Maffey-Lee & Associates
• Seller’s Rep: Rick Marchisio, Crista Governara, Drew Maffey of Lee & Associates

This transaction highlights the involvement of Boston-based investment firm Marcus Partners as the buyer. Lee & Associates played a crucial role, with Rick Marchisio, Crista Governara, and Drew Maffey representing both the undisclosed seller and the buyer in this off-market deal.