The Largest industrial sale of 2017
19 Chapin Road Pine Brook, NJ
Size: 530,000 SF Brokers: Jose Cruz, Kevin O’Hearn, Michael Oliver, Stephen Simonelli, Marc Duval and Jordan Avanzato 100 word description of deal: HFF represented the seller, in the sale of 19 Chapin Road, a four-building, light industrial complex totaling nearly 530,000 square feet to a partnership between Camber Real Estate Partners and Advance Realty. 19 Chapin Road is situated on 129.4 acres along U.S. Route 46 approximately two miles from the interchange of Interstates 80 and 280 and less than five miles from Interstate 287. The complex is 25 miles from Port Newark–Elizabeth and within 30 miles of Manhattan. The four buildings within the complex were completed between 1998 and 2001. Building features include warehouse heights of 22 feet, 76 dock doors, 12 drive-in doors, new roofs, ample parking and attractive brick facades. 19 Chapin Road is 60 percent leased to seven tenants, including Samsung Electronics, Pitney Bowes, Trane and Doosan.
3700 Industrial Road Harrisburg, PA
Size: 306,892 SF Brokers: Mark Chubb, Michael Zerbe Colliers Industrial and Logistics Specialists Mark Chubb and Michael Zerbe sold 3700 Industrial Road, a 750,686 SF food-grade, grocery products distribution complex in Harrisburg, PA. Colliers represented the seller, Prologis.
Lee & Associates
230 and 250 Moonachie Ave. Moonachie, NJ
Size: 204,622 SF Broker: Michael Schaible After 33 years of assisting the owners with these assets, Michael Schaible orchestrated the disposition of this two building, 205,000 SF industrial portfolio.