Berwind buys New Jersey warehouse

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Berwind Property Group purchased 51 Commerce Drive, an approximately 269,000-square-foot warehouse facility in South Brunswick, N.J. The value of the transaction was not disclosed. The property is a one-story warehouse facility that includes approximately 10,000 square feet of office space. At the time of sale, the property was 58 percent occupied, with 110,078 square feet of available space. Jerry Fennelly of NAI Fennelly represented the unidentified buyer in the transaction. Philadelphia-based Berwind Property Group Ltd. is a privately held real estate investment company. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....