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Liberty Property Trust Acquires Sutton Kilmer Industrial Park Bldg

JV Sells 369,000-SF Facility in Edison
January 23, 2018
Liberty Property Trust acquired the industrial building at 1 Truman Dr. S in Edison, NJ from J.P. Morgan Investment Management, Inc. and Cohen Asset Management, Inc. for an undisclosed amount.

The distribution building totals 369,313 square feet and was built in 1978 in the Sutton Kilmer Industrial Park. The property features 24-foot ceiling heights, 40 loading docks and six drive-in doors. Midwest Air Technologies currently occupies the entire building.

Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE National Partners and Thomas Monahan, executive vice president with CBRE in Saddle Brook, NJ represented the sellers.

Please see CoStar COMPS #4111356 for additional information on this transaction.
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