print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Products
Commercial Real Estate News

Albert Organics Distribution Center Sells for $11.8M

Gramercy Capital Buys LogisiCenter at Logan
July 12, 2013
Dermody Properties and Stonemount Financial Group sold the fully leased 70,000-square-foot distribution facility located at 1155 Commerce Blvd. in Logan Township, N.J., to Gramercy Capital Corp. for $11.8 million, or approximately $170 per square foot.

Dermody Properties began construction on the 70,000-square-foot facility in the fourth quarter of 2012 and completed the new facility in April of 2013. Building amenities include refrigerated storage, 15 loading docks and 1 drive-in door.

Albert's Organics, a distributor of organically grown fresh produce, occupies the distribution center. For additional information, please see CoStar COMPS # 2779667.

 Find us on 

Welcome To CoStar's
Industry-Focused,
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News