Boston-based NorthBridge Partners has picked up a last mile
distribution center in Branchburg, NJ.
JLL Capital Markets announced that it brokered the sale of
the 50,400 s/f facility at 161 Meister Avenue that is fully leased to Fed-Ex.
JLL marketed the property on behalf of the seller, Elberon
Development Group and The Avidan Group.
The facility is situated on 3.49 acres at 161 Meister Ave.,
less than one mile from State Route 22, the region’s main commercial
thoroughfare. It is also minutes from Interstates 78 and 287, two of the New
York metro area’s largest and most heavily trafficked highways.
Additionally, 161 Meister Ave. is situated in what is known