Food distribution company buys industrial building in Penns Grove

Wolf Commercial Real Estate exclusively represented Infinite Holdings LLC in the sale of 18 N. Virginia Ave. in Penns Grove, according to a Friday announcement from the brokerage.

The property is an approximately 25,000-square-foot industrial/cold storage building situated on nearly 1 acre.

The buyer, 18 North Virginia Avenue LLC, plans to use the building for food distribution, as this location in Penns Grove offers direct access to Interstate 295 and it is in close proximity to the New Jersey Turnpike.

Phil Costa, senior adviser, and Ryan Barikian, vice president at WCRE, represented the seller in this transaction.