The industrial building located at 8920 National Highway in Pennsauken was sold for $18,950,000. The asset spans 111,000 square feet, with a price per square foot of $171. The property was previously acquired by General Investment and Development for $14,750,000 one year prior to this sale, during which the seller invested in renovations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,950,000
• Buyer: Andrew Feinstein - Keystone Safety
• Seller: General Investment and Development
• Broker: David Ricci - The Flynn Company
• Square Footage: 111,000
• Price per Square Foot: $171

This transaction marks a strategic expansion for Keystone Safety, as it increases their operational footprint next to their existing 143,000 square foot facility, accommodating their growth in manufacturing and warehouse capabilities within South Jersey.