Investcorp has sold 275 Hartz Way, a 403,869-square-foot warehouse, data co-location and retail outlet facility in Secaucus, N.J. The value of the transaction was not disclosed. ING/Clarion Partners purchased the single-story property, which is situated on 20 acres in an established submarket for warehouse and distribution facilities. The building's major tenant is Equinix Inc., which occupied 338,787 square feet of space at the time of sale. The remainder of the building was leased to two retail outlet stores in the remaining 65,082 square feet. The 275 Hartz Way transaction is Investcorp's 14th property sale of 2005. Investcorp's New York-based team of real estate professionals focuses on high-quality existing commercial, hotel and residential properties. *** What's your opinion...
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