CBRE COMPLETES SALE OF 324,445-SQUARE-FOOT WAREHOUSE BUILDING

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AVENEL, N.J. — Jeffrey Dunne, Jeffrey Oram, Kevin Walsh and Mindy Lissner of CB Richard Ellis (CBRE) have brokered the sale of a 324,445-square-foot warehouse distribution building in Avenel. The facility sits on 15.13 acres at 1500 Rahway Ave., and features 39 loading doors and approximately 20,000 square feet of office space. The property also contains 11.43 acres for future development. CBRE represented the seller, Woodbridge Enterprises, and procured the buyer, Pantheon Properties.

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