A Pennsauken industrial building has changed hands for the second time in just over a year—this time at a nearly 30% markup.

General Investment and Development, which purchased the 111,000-square-foot property at 8290 National Highway last year, has sold it for $18.95 million to an entity tied to Keystone Safety.

The 100-year-old safety equipment company already operates next door at 1591 Hylton Road, where it occupies 143,000 square feet and employs about 100 people. The new acquisition allows Keystone to expand its South Jersey footprint while consolidating operations in close proximity.

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier South Jersey commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com, for a full listing of commercial properties for lease or sale through our commercial real estate brokerage firm.