X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

THOROFARE, NJ-Aimm Philadelphia Installation Inc. has acquired the 50,000-sf industrial building at 1250 Metropolitan Rd. in this South Jersey community. The sale price of $1.45 million factors out to $29 per sf.

The seller of the building was Commercial Venture Investors, a local investment group. The sole brokers for the transaction were Bill Goodwin, senior vice president, and Brian Knowles, first vice president, of the Philadelphia office of CB Richard Ellis.

Aimm is expanding and moving its home base to the site from its existing headquarters in nearby Haddon Heights, NJ. The company, which distributes office furniture and equipment, will use the building as offices, manufacturing and distribution. While primarily built out for industrial use, the building includes approximately 10,000 sf of office space. The building’s five-acre site can also accommodate future expansion.

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

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.