Faropoint Acquires Industrial Property In Branchburg For $23.75M With Buyer's Rep Cushman & Wakefield

A 13.38-acre industrial property located at 3140 Route 22 in Branchburg has been sold in a closed transaction. The property spans 151,000 square feet and was sold for a price of $23,750,000, resulting in a price per square foot of $157. The sale was finalized on January 30, 2023.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $23,750,000
• Square Footage: 151,000
• Address: 3140 Route 22, Branchburg
• Market: Branchburg

The buyer of the property is Faropoint, represented by Orry Michael and Itay Ron. The seller is Viva Branchburg LLC. The transaction was facilitated by brokers Gary Gabriel, Kyle Schmidt, Andrew Schwartz, Jordan Sobel, Ryan Larkin, and Andre Balthazard, all from Cushman & Wakefield.