The Interchange 7 Business Park in Bordentown — Courtesy: JLL
By Joshua Burd
An investment group has sold a two-building office and warehouse complex in Bordentown, in a $19 million sale arranged by JLL.
The real estate services firm announced that it represented Equus Capital Partners Ltd., a private equity fund real estate manager, in the sale of the 225,164-square-foot property at 1 and 2 Altran Court. Known as Interchange 7 Business Park, the complex sits on more than 33 acres and is less than a mile from both Exit 7 of the New Jersey Turnpike and Exit 56 of Interstate 295.
JLL Executive Vice President John Plower led the team handling the sale of the property to a privately held buyer. He noted that the deal also includes excess land that can accommodate development of a new warehouse and a smaller parcel that could accommodate future retail use.
“Interchange 7 Business Park provided the buyer a rare opportunity to acquire an industrial development site with in-place cash flow along the New Jersey Turnpike,” Plower said. “Industrial development opportunities along the Turnpike remain scarce. This, coupled with the steady cash flow from the existing warehouse building within the park, created a tremendous investment opportunity.”