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  • Writer's pictureMAREJ

The Blau & Berg Company handles sale of 195,205 s/f industrial portfolio on 29.7 acres in Philad

SHORT HILLS, NJ — The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently brokered the sale of a 195,205 s/f portfolio of six industrial properties on a total of 29.7 acres in lower Northeast Philadelphia for $17.5 million to American Equity Partners, a real estate investment and development company based in Edison, NJ. Alex Conte, CCIM, SIOR, Jason Crimmins, CCIM, SIOR and Kenneth Crimmins, CCIM, SIOR and Peter Murano, SIOR of The Blau & Berg Company were the procuring brokers representing both the buyer and seller in the transaction. “Situated off the Betsy Ross Bridge, this unique portfolio served as an exceptional addition to AEP’s portfolio who was looking for a value-add investment in which to reinvest their capital via a 1031 Exchange”, said Jason Crimmins, president, The Blau & Berg Company.

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