BRANCHBURG, N.J. – Transwestern Development Company (TDC®) announces the sale of a 311,040-square-foot industrial property at 3091 Route 22 in Branchburg, New Jersey. Avison Young represented TDC in the sale to Abaline Supply Company, which will own and occupy the 25.56-acre property as its new headquarters and manufacturing operation.
“We are pleased to deliver another successful build-to-suit project, and to help Abaline Supply Company create sustainable value as an owner-occupier,” said TDC Regional Partner Brian Banaszynski.
The building features 42 dock doors, 40-foot ceilings, 29 truck trailer stalls, and a solar-ready roof. Its strategic position on U.S. Highway 22 provides direct access to the NJ turnpike and toll-free access to Port Newark and Port Elizabeth.
Currently, TDC has 25 industrial projects totaling 14.2 million square feet in pre-development, under construction, lease-up, or in stabilization across the country. The company has completed more than 14 million square feet of projects throughout the United States during the last four years.
CBRE’s Randy Egin represented Abaline Supply Company in the transaction.
Images of the property are available for download here.
Information on the New Jersey industrial market can be found in Transwestern’s 1Q24 report.
About Transwestern Development Company
Transwestern Development Company (TDC®) strives to create value by skillfully executing development projects for our firm, partners and clients across the United States. Part of the Transwestern companies, our diverse portfolio encompasses logistics, multifamily, healthcare, life sciences, mixed-use and office product, with the value of projects in progress or delivered since 2012 exceeding $9.07 billion.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Through offices nationwide, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Monica Sparreo
312.881.7059
monica.sparreo@transwestern.com
twmediarelations@transwestern.com
