BPG Properties Ltd. on Monday announced the sale of 51 Commerce Drive, a 269,000-square-foot warehouse facility in South Brunswick, N.J.
The value of the transaction was not disclosed.
WEA Enterprises Co. Inc. purchased the one-story warehouse, which includes approximately 10,000 square feet of office space.
During its ownership, Philadelphia-based BPG renewed and expanded the existing tenant, Market Resource Packaging, and leased the remaining 47,000 square feet to Hermann Warehouse Corp. At the time of disposition, the property was 100 percent leased.
BPG acquired the property in June 2004 on behalf of its BPG Investment Partnership VI, L.P., a fully discretionary private equity fund.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!