291 Evans Way in Branchburg — Courtesy: GM Realty Advisors Inc.
By Joshua Burd
A real estate investment trust has acquired a Branchburg warehouse and office building — the home of a well-known furniture distributor — in a newly announced transaction by GM Realty Advisors Inc.
The buyer, STAG Industrial Inc., purchased the 113,973-square-foot property at 291 Evans Way for an undisclosed price. The complex serves as the corporate headquarters for Arena 3D Holdings Inc., the furniture and workspace solutions firm also known as Dancker.
George P. Molloy, president of Princeton-based GM Realty, represented STAG Industrial. Todd Stires of Lamington Properties LLC represented the seller, JBS Associates LLC.
GM Realty also noted that Michael K. Millen of Schenck, Price, Smith & King LLP provided legal counsel to the seller while, Marc A. Angelone of Hinckley Allen did so for the buyer.