(Read more on the industrial market.)
DELANCO, NJ-Endurance Real Estate Group has acquired 579,000 sfof industrial properties for $15.7 million, a price that translatesinto just more than $27 per sf. The new owner of the propertiesdeclined to identify the seller.
The acquisition involves 800 Coopertown Rd. and 2700 BurlingtonAve., both warehouse facilities in this Burlington Countycommunity. The former is a 270,000-sf facility that includes a13,000-sf built-out office component near Route 130; the latter isa 309,000-sf asset consisting of two buildings of 253,000 sf and50,000 sf and 5,000 sf of offices with almost 1,000 feet offrontage on the Delaware River.
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