(To read more on the industrial market, click here.)
BRIDGEPORT, NJ-Cobalt Capital Partners has made another majoracquisition in the South Jersey industrial marketplace, buying the237,504-sf Pedrickton Commons here. The Dallas-based real estateprivate equity firm picked up the three-building complex on behalfof its Cobalt Industrial REIT.
The seller was the London-based Henderson Global Investors,which has its North American HQ in Chicago. The deal was arrangedby CB Richard Ellis, with lead brokers Michael Hines, Michael Bluntand Bill Goodwin, along with Robert Fahey, Lizann McGowan andDouglas Joseph of the firm's Investment Property Group allinvolved. The sale price was not disclosed, but industry sourcesput the number in the $12-million range.
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