81 International Drive in Budd Lake — Courtesy: Branch Industrial
By Joshua Burd
Asset Realty & Construction Group has sold a 132,000-square-foot industrial building in Mount Olive for more than $29 million, in a newly announced deal by Branch Industrial.
Located in the township’s Budd Lake section, the facility at 81 International Drive is leased to Amazon, benefiting from a location just off Route 46 and less than a half-mile from Interstate 80. It’s now under new ownership after the $29.1 million sale to an undisclosed buyer.
“It was a pleasure to have represented both the buyer and seller on this off-market transaction,” said Josh Chesner, a senior associate with Branch Industrial. “Located minutes from I-80 and U.S. Route 46, the building serves as a last-mile fulfillment center for Amazon. Everyone involved should be acknowledged for their hard work and dedication in ensuring a smooth close.”
Amazon opened the delivery station in 2020, following a project that converted a former Sam’s Club warehouse.
“This transaction is a testament to Josh’s hard work and persistence on this deal,” Branch Industrial Managing Director Burry Klein said. “Branch Industrial continues to source off-market industrial opportunities across the Northeast. We continue to see great traction within our markets as optimism is increasing and institutional capital remains aggressive.”
