(Save the date: RealShareNew Jersey comesto the Hyatt Regency, New Brunswick, NJ, September19.)
SOMERSET, NJ–Cushman & Wakefield arrangedthe recent $10.7 million trade of a warehouse/flex building at 65Clyde Road in Somerset after lively bidding. TAAssociates purchased the 159,000-square-foot industrialproperty from Cornerstone Real EstateAdvisors.
“The number of inquiries we received for this relatively smalldeal really was impressive,” says David Bernhautof CW’s Metropolitan Area Capital Markets Group, who tellsGlobeSt.com that 100 national investors looked into the property.“The resulting bidding war speaks to an insatiable investmentappetite for quality industrial real estate in the northern NewJersey market, where very limited supply continues to comeonline.”
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