Showing that red-hot demand for industrial properties still hasn’t abated, Duke Realty has acquired a New Jersey distribution center for $150 million, more than twice what it traded for less than three years ago.
Duke Realty Acquires New Jersey Warehouse for $150 Million From Tenant-Owner
REIT Pays More Than Twice What Property Sold for Three Years Ago in Expansion of Garden State Holdings
By Linda Moss
CoStar NewsJanuary 24, 2022 | 6:34 P.M.
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IN THIS ARTICLE
- Properties
- Building 4
600 Ridge Rd, Piscataway, NJ
- Rockefeller Group Logistics
300 Ridge Rd, Piscataway, NJ
- Building 1
100 Ridge Rd, Piscataway, NJ
- Companies
- Kiss Products, Inc
Retailer