Devli Buys an Opportunity to Build at 150 Mt. Bethel Rd.

Devli Group bought a flex industrial property with excess developable land at 150 Mt. Bethel Rd. in Warren, NJ.

“Today’s investors are looking for properties with upside, and 150 Mt. Bethel Road is a great illustration of this trend,” said Ryan Larkin for Cushman & Wakefield’s Metropolitan Area Capital Markets Group, who with Andrew Schwartz, Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Kyle Schmidt facilitated the transaction.

The two-building, 122,000-square-foot property is currently well-occupied. “The seller acquired the building vacant in 2010 and implemented an aggressive leasing strategy that brought it to 88% occupancy,” said Schwartz.

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