Two Major Industrial Building Sales Totaling Over $14 Mil

NAI DiLeo-Bram & Co., a member of the world’s premier managed network of commercial real estate firms, announced today that it represented the owner in the sale of a 72,000 SF Industrial building at 351 Campus Drive in Somerset, NJ, to ROG Acquisitions, LLC.  The sale was completed by Marc Shein and Christopher Galiano, SIOR for $5.76 million dollars.

NAI DiLeo-Bram & Co also announced that it represented the owners in the sale of 70 Jackson Drive, in Cranford, NJ.  The asset is a 170,000 sf building comprised of industrial and office space and sold for $8.7 million dollars.    This transaction was handled by Daniel Duggan, Richard Goski, Catherine Goski and Richard Galuppo, all with NAI DiLeo-Bram.

Both Purchasers of these buildings were owner/users.  “We continue to see high demand for enterprise owners trying to find buildings for purchase.  Subsequently, current building owners are recognizing that if we aren’t at the top of the market, we are probably close.  Selling industrial assets, particularly those in need of capital improvements, makes a lot of sense right now.” said, Greg Brown, Managing Director of NAI DiLeo-Bram & Co.  He added: “We expect this trend to continue.”

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