Three-Building South Jersey Industrial Portfolio Sells for Estimated $48M

Whitesell Co. has unloaded more properties from its vast holdings, selling three industrial buildings in South Jersey for an estimated $48 million. 

High Street Logistics bought the three industrial buildings totaling 401,827 square feet that were fully occupied at the time of sale. Though the sale price couldn’t be confirmed, market sources said that it likely fell in the $120 a square foot range.  The three properties sold are: 

  • 300 Richards Run, an 85,390-square-foot building in Burlington that is fully occupied by Barton & Cooney;
  • 1090 Thomas Busch Memorial Highway, a 168,737-square-foot building in Pennsauken. It is leased to SupplyOne; and
  • 823 East Gate Drive, a 147,700-square-foot building in Mount Laurel occupied by six different tenants.

*Article courtesy of Philadelphia Business Journal

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