A California-based logistics company has purchased a warehouse in Hampton as part of an expansion into the East Coast, according to real estate firm Cushman & Wakefield.
C&W said Kal Freight Inc., based in Chino, bought the 30,000-square-foot property at 15 Route 173 from an undisclosed buyer. Financial terms were also not disclosed.
Daniel Badenhausen and Andrew Stypa from the Iselin office represented Kal Freight in the deal.
“This is a valuable asset,” Badenhausen said in a prepared statement. “It’s a robust truck terminal with 15- to 20-foot clear ceiling heights, abundant trailer parking and a unique location. Its proximity to the Bethlehem, Pennsylvania, and Phillipsburg, New Jersey, areas, which are experiencing rapid growth in big-box warehouse distribution buildings, adds to the potential for the structure.”
Memo Martinez, Kal Freight’s safety supervisor, said: “Kal Freight is a family-owned company that started small but is expanding. The move into New Jersey gives us direct access to the entire East Coast, up to Maine, and our drivers can now reach the entire continental U.S.”
In addition to California, the company also has a presence in Dallas and Indianapolis, C&W said.