X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOGAN TWP., NJ-Lend Lease Real Estate Investments of New York has added the 217,047-sf warehouse/distribution facility at 244 High Hill Rd. in Pureland Industrial Park here, to its portfolio. That portfolio now has a value of $41 billion worth of real estate and commercial mortgages.

Lend Lease bought the building on behalf of a pension fund for an undisclosed amount. The seller was an institutional advisor based in Parsippany, NJ. Cushman & Wakefield of PA represented the seller in the transaction.

The property is located in Southern NJ, about 20 miles south of Camden. The building is 100% leased to John Sexton & Co., a food-distribution company that is currently being merged with US Food Service of Columbia, MD. Sexton has a long-term commitment to the building.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.