Glendale Warehouse And Distribution Corp. Acquires Industrial Property In Eastampton Township For $83M

Glendale Warehouse and Distribution Corp. has acquired an industrial property in Eastampton Township. The property, located at 2575 Route 206, spans an impressive 27.64 acres. The transaction was facilitated by Chuck Fern from Cushman & Wakefield, representing the buyer. The property was sold by Rockefeller Group, with Zac Csik acting as the seller's representative. The sale price for the property was $83,000,000. The total square footage of the industrial space is 345,600, resulting in a price per square foot of $240.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $83,000,000
• Square Footage: 345,600
• Price per Square Foot: $240
• Address: 2575 Route 206, Eastampton Township
• Market: Eastampton Township

The buyer, Glendale Warehouse and Distribution Corp., was represented by Chuck Fern from Cushman & Wakefield. On the other hand, the seller, Rockefeller Group, was represented by Tom Monahan, Gerard Monahan, Stephen D’Amato, Larry Schiffenhaus, Lauren Hageman, and Ana Lazarides from CBRE. This transaction signifies a significant investment in the industrial sector in Eastampton Township.