Torchlight Investors Acquires Industrial Property In Logan, N.J. For $265M

A 1,100,000 square foot industrial property located at 300 Creekview Ave & 400 Crossroads Blvd in Logan, N.J. has been sold for a price of $265,000,000. The property was purchased by Torchlight Investors from Greek Development. The sale price reflects a per square foot price of $241 and a capitalization rate of 2.98%.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $265,000,000
• Address: 300 Creekview Ave & 400 Crossroads Blvd, Logan, N.J.
• Market: Logan, N.J.

The transaction was facilitated by brokers Brian Fiumara, Michael Hines, Brad Ruppel, Joe Hill, and Lauren Dawicki of CBRE. They represented both the buyer, Torchlight Investors, and the seller, Greek Development.