SOLD
GLP Capital Partners LLC Acquires Industrial Property In Monroe Township For $53.75M
34 Engelhard Drive
Industrial
203,000 SF
203,000 SF
Sold 241 days ago
Summary
Sale
NEW JERSEY
Industrial
203,000 sqft
A 203,000-square-foot industrial property located at 34 Engelhard Drive in Monroe Township has been sold for $53.75 million. The property, situated on 12 acres of land, was acquired by GLP Capital Partners LLC from Clarion Partners. This transaction highlights the strong demand for well-located warehouse and distribution facilities in New Jersey's industrial market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $53,750,000
- Address: 34 Engelhard Drive, Monroe Township
- Market: Monroe Township
- Acres: 12
The buyer, GLP Capital Partners LLC, represented by Alan Yang, made the purchase from the seller, Clarion Partners, represented by David Gilbert. Brian Fiumara from CBRE acted as the broker for this deal. The sale price of $53.75 million corresponds to a price per square foot of $265. This transaction further demonstrates the strong demand for industrial properties in New Jersey's market.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Alan Yang, David Gilbert & Brian Fiumara
DATE: 09/11/2023
ADDRESS: 34 Engelhard Drive
MARKET: Monroe Township
ASSET TYPE: Industrial ~ ACRES: 12
BUYER: GLP Capital Partners LLC - Alan Yang
SELLER: Clarion Partners - David Gilbert
BROKERS: Brian Fiumara - CBRE (@CBRE)
SALE PRICE: $53,750,000
SF: 203,000 ~ PPSF: $265
NOTE: CBRE has finalized the $53.75 million sale of a 203,000-square-foot industrial property at 34 Engelhard Drive in Monroe Township. GLP Capital Partners LLC acquired the property from Clarion Partners, highlighting the robust demand for well-located warehouse/distribution facilities in New Jersey's industrial market.View on map
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Address34 Engelhard Drive
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