South Brunswick deal fetches $16 million

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McMaster-Carr, a supplier of home, office and automotive products, sold its 307,000-square-foot office/warehouse facility in South Brunswick, N.J., for $16 million. The property, built in 1981, is located at 473 Ridge Road on a 28.2-acre land parcel. It comprises 40,000 square feet of single-story office/call-center space and 267,000 square feet of warehouse space. Freeze Inc. purchased the property, which also features 26-foot clear ceiling heights, 27 dock doors, a full-service cafeteria and 582 parking spaces. ...