SOLD
Torchlight Investors Acquires Industrial Property In Logan, N.J. For $265M
300 Creekview Avenue & 400 Crossroads Boulevard
Industrial
1,100,000 SF
1,100,000 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Industrial
1,100,000 sqft
A 1,100,000 square foot industrial property located at 300 Creekview Ave & 400 Crossroads Blvd in Logan, N.J. has been sold for a price of $265,000,000. The property was purchased by Torchlight Investors from Greek Development. The sale price reflects a per square foot price of $241 and a capitalization rate of 2.98%.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $265,000,000
- Address: 300 Creekview Ave & 400 Crossroads Blvd, Logan, N.J.
- Market: Logan, N.J.
The transaction was facilitated by brokers Brian Fiumara, Michael Hines, Brad Ruppel, Joe Hill, and Lauren Dawicki of CBRE. They represented both the buyer, Torchlight Investors, and the seller, Greek Development.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Daniel Heflin, Lauren Dawicki, Frank Greek, Brian Fiumara, Mike Hines & Brad Ruppel
DATE: 09/30/2021
ADDRESS: 300 Creekview Ave & 400 Crossroads Blvd
MARKET: Logan, N.J.
ASSET TYPE: Industrial
BUYER: Torchlight Investors
SELLER: Greek Development
BROKERS: Brian Fiumara, Michael Hines, Brad Ruppel, Joe Hill & Lauren Dawicki - CBRE
SALE PRICE: $265,000,000
SF: 1,100,000 ~ PPSF: $241
CAP RATE: 2.98%View on map
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Address300 Creekview Avenue & 400 Crossroads Boulevard
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