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Deals & Dealmakers

Cushman & Wakefield sells, leases industrial asset

A Cushman & Wakefield team of New Jersey industrial specialists represented Lefcourt Associates in the sale of 19 Crows Mill Road in Keasbey to Liberty Property Trust.

And less than 30 days after being appointed by the new ownership as exclusive agents for the 302,500 s/f facility, the group secured a long-term, full-property lease with The Gilbert Company.
Cushman & Wakefield’s Charles Fern, Gary Casaletto, Jason Barton, Thomas D. Tucci and Stephen Shoemaker led both assignments.

“Investment and leasing demand for New Jersey industrial product continues on a historic trajectory, and these back-to-back transactions reflect the desirability of strategically located, well-maintained facilities,” Fern said.

Located minutes from Exit 10 of the New Jersey Turnpike, 19 Crows Mill Road occupies a prime location for distribution, 22 miles from Port Newark/Elizabeth, 20 miles from Newark Liberty International Airport, and less than 30 miles from New York City.

The property features ample loading and parking; 50 by 72 ft. column spacing; heavy power; a 24-hour, on-site truck repair shop; LED lighting, new dock seals and renovated offices.
The Gilbert Company will take occupancy at 19 Crows Mill Road in the first quarter of 2019.

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