Provender Partners Acquires Industrial Asset In Vineland For $22.5M

Provender Partners has made a significant investment in Vineland's industrial market with the acquisition of a sprawling property located at 215 N. Mill Road. Spanning across 18 acres, this industrial asset offers ample space for various commercial activities. The transaction was facilitated by brokers Ryan Guittare and Kurt Montagano from Newmark, who represented both the buyer and the seller, Safeway. The final sale price reached an impressive $22,500,000. With a total area of 217,540 square feet, the property commanded a price per square foot of $103.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22,500,000
• Address: 215 N. Mill Road, Vineland
• Market: Vineland
• Acres: 18

John Long Jr., representing Provender Partners, played a key role in the acquisition. This notable transaction highlights the growing interest in Vineland's industrial market and attests to the attractiveness of the property. The deal was successfully closed, thanks to the expertise and negotiation skills of Ryan Guittare and Kurt Montagano from Newmark.