SOLD: 140 Ethel Road., a multi-tenant warehouse
totaling 108,875 square feet in Piscataway, NJ
|
MORRISTOWN, NJ -- JLL Capital Markets has closed the $21.2 million sale of 140 Ethel Rd., a multi-tenant warehouse totaling 108,875 square feet in Piscataway, New Jersey.
JLL
represented the seller and procured the buyer.
140 Ethel Rd. is fully occupied by 19 unique tenants spanning
various industries including logistics, food and beverage, light fulfilment
and warehousing.
Key
features of the property include a
24-foot clear height along with 24 loading docks, 2 drive-in doors, and 83
parking spaces.
The property is
located in Northern New Jersey, within the Exit 10 submarket, the third largest
submarket in New Jersey.
Jordan Avanzato |
The
JLL Capital Markets Investment Sales team representing the seller was led by
Managing Directors Marc Duval and Jordan Avanzato, Directors Nicholas
Stefans and Jason Lundy and Senior Managing Director Jose Cruz.
“This
opportunity was extremely well received as investment into multi-tenanted,
short-term WALT remains a top-choice asset class for investors,” commented
Duval.
Nicholas Stefans |
JLL Capital
Markets is a full-service global provider of capital solutions for real estate
investors and occupiers.
The firm's in-depth local market and global investor
knowledge delivers the best-in-class solutions for clients — whether investment
sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
Jason Lundy |
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties.
A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise.
Driven by our purpose to shape the future of real estate for a better world, we
help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a
registered trademark, of Jones Lang LaSalle Incorporated.
CONTACT:
Alli Semans,
PR Associate
Phone: +1 330 329 6750
Email: Alli.Semans@jll.com
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