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HFF Arranges Hamilton Industrial Sale to Black Creek
HFF has closed the $8.5-million sale of 17 Quakerbridge Plaza Drive, a fully-leased, 76,220-square-foot industrial warehouse and distribution facility in Hamilton, NJ in the 7A industrial submarket. The HFF team marketed the property on behalf of the seller, Matrix Development Group. Black Creek Group purchased the asset, which was completed in 2017.
“The acquisition of this recently-developed, Class A building is an excellent opportunity for Black Creek Group to continue to expand our presence in the strong 7A Industrial submarket,” said Black Creek’s Dave Fazekas. “We have not only seen healthy tenant demand in the market, but continue to see the area evolve as a major industrial corridor.”
The HFF team included Jose Cruz, Marc Duval, Jordan Avanzato, Mark Mahasky, Kevin O’Hearn, Steve Simonelli and Michael Oliver.
“Investor demand is outpacing supply and assets available for sale, thus continuing to drive pricing in this submarket,” said Cruz.
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