Colliers International Concludes Two CRE Sales Transactions in Southern NJ
17-Acre Camden Waterfront Parcel for $1.1M
14,600 SF Crane-Served Warehouse for $830k
June 28, 2018 [Mount Laurel, NJ] – Colliers International’s Ian Richman recently concluded two sales transactions in Southern New Jersey.
- 75 Erie Street, Camden: The 17-acre land parcel was purchased by a private developer for $1.1M. No development plans have been disclosed at this juncture, but this site provides numerous development opportunities with unmatched waterfront views of the Center City skyline. Camden has been the beneficiary of the Grow NJ tax incentive program with numerous companies relocating their corporate headquarters to the City. This site is just around the corner from the billion-dollar Liberty Property Trust waterfront development project. The seller was Agathon Realty. Richman was the sole broker in this transaction.
- 4 Enterprise Court, Sewell: The 22’ clear, crane-served warehouse on 2.99 acres was purchased by Robert Ganter Contractors, Inc. for $830,000. Located directly off Delsea Drive near Route 55, the building offered ceiling heights hard to come by in a market where inventory has remained low. The seller was Dente Trading. Richman represented the buyer in this transaction.