One Truman Drive South in Edison — Courtesy: CBRE
By Joshua Burd
Liberty Property Trust has acquired a single-tenant, 369,313-square-foot industrial building in Edison, in a transaction announced Friday by CBRE.
Brokers with the firm said they represented Cohen Asset Management Inc. and J.P. Morgan Asset Management in the sale of One Truman Drive South, which is 100 percent leased to Midwest Air Technologies Inc. Terms were not disclosed.
The brokerage team included Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE National Partners, with assistance from CBRE Executive Vice President Thomas Monahan.
Built in 1978, the building has 24-foot ceiling heights, 40 dock doors, six drive-in doors and an expansive paved parking area, CBRE said in a news release.