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Sign in Sign up for a FREE subscriptionCRG completes sale of N.J. industrial portfolio for $108m
CRG has sold two speculative industrial facilities in East Greenwich, N.J., for $107.74 million.
The firm sold The Cubes at Huff Lane, a 283,040-square-foot building, and The Cubes at Harmony Road, a 252,750-square-foot building, both located in the East Greenwich Logistics Center about 20 miles southwest of Philadelphia.
They were developed by CRG in a joint venture partnership with Pacific Coast Capital Partners and completed in September 2020. The Cubes at Harmony Road is located at 191 Harmony Road and is fully leased to a global ecommerce fulfillment company. The second building, located at 100 Huff Lane, is also fully leased. East Greenwich Logistics Center is adjacent to Interstate 295, less than a half mile from the New Jersey Turnpike and less than 20 miles from I-95.
“Each of these buildings was a major success for our clients and capital partners,” said Frank Petkunas, senior vice president, partner and Northeast industrial leader for CRG. “The
