BPG Properties Ltd. on Monday announced the sale of 51 Commerce Drive, a 269,000-square-foot warehouse facility in South Brunswick, N.J.

The value of the transaction was not disclosed.

WEA Enterprises Co. Inc. purchased the one-story warehouse, which includes approximately 10,000 square feet of office space.

During its ownership, Philadelphia-based BPG renewed and expanded the existing tenant, Market Resource Packaging, and leased the remaining 47,000 square feet to Hermann Warehouse Corp. At the time of disposition, the property was 100 percent leased.

BPG acquired the property in June 2004 on behalf of its BPG Investment Partnership VI, L.P., a fully discretionary private equity fund.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here×