Press Release

Joint venture sells 369,000 sq. ft. warehouse to LPT

22 1月 2018

One Truman Drive South, Edison, NJ

Liberty Property Trust has acquired a single-tenant, 369,313-square-foot industrial building in Edison, in a transaction announced Friday by CBRE.

Brokers with the firm said they represented Cohen Asset Management Inc. and J.P. Morgan Asset Management in the sale of One Truman Drive South, which is 100 percent leased to Midwest Air Technologies Inc. Terms were not disclosed.

The brokerage team included Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE National Partners, with assistance from CBRE Executive Vice President Thomas Monahan.

Built in 1978, the building has 24-foot ceiling heights, 40 dock doors, six drive-in doors and an expansive paved parking area, CBRE said in a news release.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.