Industrial space has become a favored asset class among institutional investors in New Jersey, even if high-profile opportunities are few and far between. Here is a sampling of industrial deals from the past 12 months that show just how fierce the competition has become.
350 STARKE ROAD, CARLSTADT
- Size: 332,796 square feet
- Price: $73 million ($207 per square foot)
- Seller: CIM Group
- Buyer: Bentall Kennedy
750 UNION AVE., UNION
- Size: 263,415 square feet
- Price: $46.5 million ($177 per square foot)
- Seller: Bridge Development Partners
- Buyer: A fund managed by J.P. Morgan
13 JENSEN DRIVE, SOMERSET
- Size: 366,896 square feet
- Price: $44.6 million ($122 per square foot)
- Seller: Prologis Inc.
- Buyer: Cabot Properties
26 ENGELHARD DRIVE, MONROE
- Size: 324,540 square feet
- Price: $30.6 million ($94 per square foot)
- Seller: Principal Real Estate Investors
- Buyer: TA Realty
