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New York & Tri-State  + New Jersey  + Industrial  |  April 3, 2019
Paul Bubny
By: Paul Bubny

Rock Group, PCCP Sell 1M SF of Industrial to DWS

Rockefeller Group and joint venture partner PCCP have sold two recently-completed distribution centers in Rockefeller Group Logistics Center to DWS Group’s real estate platform for an undisclosed sum.  This marks the first two sales at the logistics park in Piscataway, NJ.

The first building, a 725,000-square-foot distribution center at 300 Ridge Rd., was fully-leased during construction to Best Buy. The second building, located at 100 Ridge Rd., is a 311,000-square-foot distribution center that is divided between Fujitsu General America Inc. and Humanscale.

“The sale of these completed buildings at Rockefeller Group Logistics Center shows the high level of demand for Class A industrial property in New Jersey,” said Rockefeller Group’s Heath Abramsohn.

Cushman & Wakefield’s Gary Gabriel represented the seller and procured the buyer with members of the firm’s New Jersey capital markets team, including Andrew Merin, David Bernhaut, Brian Whitmer, Kyle Schmidt and Ryan Larkin.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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