SOLD
PGIM Real Estate Acquires Industrial Property In Phillipsburg For $275M
942 Memorial Parkway
Industrial
2,200,000 SF
2,200,000 SF
Summary
Sale
NEW JERSEY
Industrial
2,200,000 sqft
The industrial property located at 942 Memorial Parkway in Phillipsburg has been sold for a price of $275,000,000. The asset spans across 2,200,000 square feet, resulting in a price per square foot of $125. The sale took place on November 12, 2020.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $275,000,000
- Square Footage: 2,200,000
- Price Per Square Foot: $125
- Address: 942 Memorial Parkway, Phillipsburg
- Market: Phillipsburg
The seller of the property was Bridge Development Partners, while the buyer was PGIM Real Estate. The deal was facilitated by Brian Fiumara of CBRE National Partners.
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Details
SOLD
IMAGE: Brian Fiumara
DATE: 11/12/2020
ADDRESS: 942 Memorial Parkway
MARKET: Phillipsburg
ASSET TYPE: Industrial
SELLER: Bridge Development Partners
BUYER: PGIM Real Estate
BROKER: Brian Fiumara - CBRE National Partners
PRICE: $275,000,000
SF: 2,200,000 ~ PPSF: $125View on map
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Address942 Memorial Parkway
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