Terreno Realty Corporation Sells Industrial Property On Melanie Lane For $32.7M

Located in East Hanover, NJ, the industrial property at 9, 11, and 15 Melanie Lane has been sold in a recent transaction. The property spans an impressive 11.7 acres and offers a total square footage of 167,000. The sale took place on October 12, 2021, with the buyer acquiring the property for a total of $32,700,000, resulting in a price per square foot of $196. Terreno Realty Corporation, represented by W. Blake Baird and Michael A. Coke, acted as the sellers in this deal.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $32,700,000
• Address: 9, 11 & 15 Melanie Lane, East Hanover, NJ
• Market: East Hanover, NJ
• Acres: 11.7

The sale of this industrial property was facilitated by Terreno Realty Corporation, with W. Blake Baird and Michael A. Coke representing the seller's interests. The buyer successfully acquired the property, adding this valuable asset to their portfolio.