September, 2017 [Philadelphia, PA] - Colliers International’s Southern New Jersey office arranged the sale of a fully leased 106,000-square-foot industrial building located at 116 Gaither Drive in Mount Laurel, NJ for $5.65 million.
The building is occupied by Food Sciences Corporation with a long-term lease in place. The building features 24’ clear ceilings, 13 loading docks, one drive-in door, heavy electric service, and expansion capabilities.
Colliers’ brokers Ian Richman and Marc Isdaner were the sole brokers in this transaction between The Bloom Organization and a private investor. “Demand for investment properties in South Jersey is strong,” said Richman. “The building’s qualities, excellent location and historical occupancy by the tenant made it a very attractive investment,” he added.