Thursday, February 10, 2011

Commerce Corner Changes Hands for $9.1M

"A joint venture of Dermody Properties, Inc. and Great Point Investors LLC purchased Commerce Corner in the LogistiCenter at Logan, located at 1109 Commerce Blvd. in Logan Township, NJ from Lexington Realty Trust for $9,096,850, or $35 per square foot.

The 259,910-square-foot facility was built in 1998 and sits on over 14 acres in the Gloucester County Industrial submarket of Philadelphia. The property was vacant at the time of sale. "

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