126K-SF Building Portfolio Sells

Amerco Real Estate Co., a U-Haul affiliate, acquired three multi-tenant flex buildings totaling 126,251 square feet at 510 Heron Dr. in Swedesboro, NJ. Seller Starwood Property Trust Inc. (with LNR Property LLC as manager), walked away from the transaction with $3.5 million. Representing the seller was Jacklene Chesler of Colliers International Group Inc., along with Jonathan Schlussel, Evan Zweben and Christina Del Duca.

510 Heron Drive is one of two flex properties located in the Pureland Industrial Complex, New Jersey’s largest industrial park and one of the 10 largest in the U.S. The three buildings at 510 Heron Drive are situated on 10.5 acres. Approximately 57% of the property is leased.

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