LA-based
investment firm Cohen Asset Management has closed on the $29.6 million
acquisition of another New Jersey warehouse property.
CBRE represented
the seller, Scannell Properties, in the sale of 2555 Kuser Road in Hamilton,
a 145,950 s/f industrial warehouse, located within an hour of Newark and
Philadelphia International Airports, Port Newark and Port Elizabeth.
The property is currently under
construction and expected to deliver in February 2021.
The CBRE National
Partners’ team of Brian Fiumara, Michael Hines, Brad Ruppel
and Lauren Dawicki led the marketing efforts and represented Scannell
Properties, an Indianapolis-based development and investment company.
The new owner
has appointed CBRE the exclusive leasing agent for the property, which has