TETERBORO, NJ-A division of Las Vegas-based Viad Corp. has sold 125 North St., a Class B industrial property to Jamesburg, NJ-based Forsgate Industrial Properties LP.
No sales price for the transaction involving the 158,000-square-foot warehouse was disclosed, according to The Record. Viad subsidiary Global Experience Specialists Inc. is remaining in the building known as the Wella Industrial Facility, as a short-term tenant, according to officials with Jones Lang LaSalle.
Jones Lang LaSalle's Managing Director David Knee and Senior Vice President Blake Chroman represented Forsgate in the off-market sale. Viad was represented by its in-house real estate team. See story in The Record.
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