A flex/warehouse property in Green Brook has sold for almost $2.23 million, according to real estate firm CBRE.
The 13,000-square-foot property at 29 King George Road is fully leased, according to CBRE, and was sold to an undisclosed out-of-town buyer as part of a 1031 Exchange.
The Capital Markets team of Charles Berger, Elli Klapper and Mark Silverman, along with CBRE’s Mindy Lissner and Bill Waxman, represented the seller, My Three Roses, in the deal.
“Industrial transactions have been holding steady during the COVID-19 pandemic,” Silverman said in a prepared statement. “The 1031 Exchange buyer and outstanding in-place tenant led to a very short-term marketing program and quick closing, further highlighting the strength of the industrial market in the region.”
The tenant is CK Control Temp, a subsidiary of Bravo! Group Services, a facilities support company providing managed services to properties in 17 states.