An affiliate of Endurance Real Estate Group and Thackeray Partners has sold 2000 Bishops Gate, a 292,466-square-foot, class A industrial warehouse, located in Mount Laurel, N.J., for $32.2 million.
The building was constructed in 1988 and renovated in 2019. It features 32’ clear ceiling heights, an ESFR sprinkler system and ample loading capacity with full dock packages for its 35 dock positions. The property is strategically located on NJ Route 38, a principal East/West highway in Burlington County, N.J., and offers access to Exits 4 and 5 of the NJ Turnpike and Exit 40 of I-295. The property was 100 percent leased to two tenants at closing.
“We are thrilled to see the transformation of this project through its stabilization to disposition,” stated Albert Corr, senior vice president from Endurance. “We acquired the building in early 2017 knowing it would be vacant within a few months. We set forth on a full-scale $5 million capital improvement plan to upgrad
