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PBV Logistics Center purchased the multi-building center in a 1031 exchange following its disposition last month of a 526,320-square-foot industrial property in Winston-Salem, NC.
The new space will house Imperial Dade's executive team as well as office operations, including finance, human resources and customer service. The firm's current Jersey City facility will serve as its largest distribution center.
The nine-acre property at 3130 Route 10 was sold by Denville Commons Associates LP. Cushman & Wakefield represented the seller and procured the buyer in the transaction.
B6 Real Estate Advisors has appointed Trisha Connolly as senior managing director in the firm's capital advisory division, the first female team leader at the firm.
Fully leased to FedEx Freight, 7012 FM 3009 is a 101,000-square-foot mission-critical facility that recently sold to S&B Detrick LP, a private investor on a 1031 exchange, for $25.7 million.