CBRE brokers sale of warehouse in Edison

By Carmen Triola
Edison | Jan 22, 2018 at 2:00 pm

CBRE National Partners has announced the sale of a nearly 370,000-square-foot, single-tenant industrial warehouse facility in Edison.

The property, located at 1 Truman Drive, was acquired by Liberty Property Trust for an undisclosed amount.

Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE National Partners represented the sellers, Cohen Asset Management Inc. and J.P. Morgan Asset Management, during negotiations. CBRE executive vice president Thomas Monahan assisted with the sale.

Midwest Air Technologies will lease the entire 40-year-old facility, according to CBRE. Last year, the firm sold 11 properties in New Jersey, generating over $928 million in revenue.