B — March 14 - 27, 2014 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
N ew J ersey
80 Readington Road in Branchburg, New Jersey REMCO Realty’s Gallicchio completes $1.275 million sale
80 Readington Rd.
B
RANCHBURG, NJ — North Brunswick New Jersey based
Remco Re- alty Group announced the sale of 8 0 R e a d - ington Rd. in Branch- burg. Remcowas awarded the
Peter Gallicchio
marketing assignment by the CourtAppointed Trustee, to sell the property, and by the end of December, closed title with WJ. Casey Rigging Service. This free standing 15,000 s/f facility featured 4.88 acres,16’ clear ceilings, 2 loading docks, 1 drive-in door, heavy power and 3,500 s/f of office space. Located half way between New York and Pennsylvania in the Branchburg Corporate Park, this property shares an address with such corpora- tions as: Agfa Corp, Acorn Display, Bio Search Medical, Beumer Corp, Century Labs, Chubb Insurance, Falcon Safety, Fed-Ex, Imclome Systems, Life Cell Corp, Pharmax Group, Trim Line Medical, Viva Optique, and Zeus Scientific just to name a few. After multiple offers being submitted, the asset com- manded a sale price of $1.275 million, or $85.00 per s/f. “Even in today’s economic uncertainty, if you have a well positioned piece of real estate along with a realistic buyer and seller, the deal will happen,” commented Remco president, Peter Gallicchio , who represented the seller in this transaction, while DTZ Americas represented the buyer. n
1,600,000 SF
To Be Built Dayton, NJ (732) 287-4880
Lease with the
Market Leader
205 Mill Road, Edison NJ 08837 (732) 287-4880
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