A pair of industrial buildings in Bellmawr totaling 171,500 square feet have been sold for a combined $19.25 million, according to real estate firm CBRE.
The firm said in a news release that it arranged the sale of 400 Benigno Blvd., a 78,000-square-foot corporate headquarters, production and distribution building, and 101 Haag Ave., a 93,500-square-foot corporate headquarters, production and distribution building, to Ivy Realty.
Both single-tenant buildings are 100% occupied, CBRE noted.
The CBRE Capital Markets team of Stephen Marzullo and Adam Silverman, partnering with CBRE’s Dan McGovern, negotiated the deal on behalf of the undisclosed seller.
Both properties are located within Interstate Business Park, a 2.85 million-square-foot multiuse property that includes 40 office, distribution and warehouse buildings.