The property had previously been listed with another brokerage for approximately one year without a sale. After repositioning and repricing the asset, Axis Realty Advisors successfully secured a buyer and closed the transaction.
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Berger Commercial Realty has also been retained as the exclusive leasing agent for the project. Keith Graves, Jonathan Thiel, Daniel Forman, and Lawrence Oxenberg will lead leasing efforts, bringing extensive market expertise and tenant representation experience to the assignment.
Selling for $4.7 million on Jan. 8, the property was designated a Federal Brownfield site in 1999. Stigliano Commercial Real Estate was instrumental in guiding the cleanup process and worked collaboratively with the property owner on redevelopment plans for more than seven years.
Owned and developed by Bridge Industrial, the project is a 270,719-square-foot, two-building speculative industrial project designed to accommodate tenants ranging from 25,000 to 150,000 square feet.
Read on for the most popular news headlines this past week on CRE-sources.
In honor of the New Year, here are the most popular news headlines of 2025 on CRE-sources.
Alex Zylberglait and Michael Crocchiola of Marcus & Millichap and Roy Faith of FIP Commercial were the brokers in the transaction.
Read on for the most popular news headlines this past week on CRE-sources.
The project transformed Ryder System’s former office headquarters into a modern, LEED certified,
326,448-square-foot logistics complex now available for immediate occupancy.