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New York & Tri-State  + New Jersey  + Industrial  | 

Southern NJ Industrial Portfolio Changes Hands

CBRE closed the sale of the Southern New Jersey Core Infill Portfolio, a seven-building, 553,548-square-foot industrial portfolio in Delran, Mount Laurel and Swedesboro, NJ. A CBRE National Partners team of Michael Hines, Brad Ruppel, Brian Fiumara and Lauren Dawicki negotiated the sale on behalf of Foxfield Industrial.

Buyer and pricing weren’t disclosed. The assets are 88.7% leased to warehouse and distribution tenants. The properties have benefitted from institutional management and maintenance, including a consistent capital infusion program under Foxfield’s ownership.

“The sale of the Southern New Jersey Infill Portfolio is emblematic of the integral role of highly functional, infill warehouse/distribution buildings proximate to Interstate 295, US Route 130 and the Philadelphia bridges to the region’s logistics network,” said Ruppel. “Projectable income from entrenched core tenancy, enduring high flow-through functionality and leasing upside, made this an extremely attractive opportunity to capitalize on the continued evolution of the New Jersey industrial corridor.”

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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 13-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 15-20 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 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).