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Cushman & Wakefield has arranged the sale of the Moorestown Distribution Center, a 272,682 s/f industrial asset located at 14 Sbar Boulevard, 10 miles from Center City Philadelphia. The final sale price was $23,250,000.
A Cushman & Wakefield team of Gary Gabriel, Kyle Schmidt, David Bernhaut and Seth Zuidema, with assistance from local leasing specialists John Gartland and Jonas Skovdal, represented the seller, the Piperno Family, owner of craft wholesaler Sbar’s. NorthBridge Partners acquired the asset.
“This sale marks a significant milestone after more than 30 years of business in Moorestown,” said Anthony Piperno. “We are excited to see the use of the building continue to support the economic development of the town and the local region.”
NJ weather: One mild day Saturday, then rain/snow return Sunday
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Please check Dan Zarrow s Weather Blog for the latest forecast updates on this batch of inclement, potentially wintry weather.
After some soaking rain Friday night, which produced some slippery spots to the northwest, our weather quiets down Saturday. It will be breezy, with substantial breaks of sunshine. And temperatures will be mild, popping into the 50s across the state. (Keep in mind, normal highs are near 40 degrees right now, as we approach the average coldest part of the year.)
But as you know, I don t interrupt vacation and weekend to write an article about beautiful weather. Looking ahead at Sunday, it does not look like a very pleasant day. More specifically, things could get snowy and slippery for part of the state as a coastal storm system slides by.