Monday, September 26, 2011

Flex Building in Burlington, NJ Sold for $2 Million

"The Sale of a 79,000 sf Flex Building in Burlington County New Jersey, recently sold for $2 Million.
The property, located at 1601 Schlumberger Drive is situated on seven acres in Moorestown, New Jersey. The property is comprised of office space, air-conditioned production area, and warehouse space. Located in Moorestown Corporate Park, the property is well landscaped and close to local highways. The buyer intends to use the property for additional storage and will make available approximately 20,000 square feet of office area available for lease.

The buyer was 1601 Schlumberger LLC. The property will be occupied by EMSL Analytical Inc. who is the nation's leading environmental testing firm. EMSL's network of nationwide laboratories has been providing quality analytical services since 1981. They offer a wide array of analytical testing services to support environmental investigations focused on asbestos, microbiology, lead paint, environmental chemistry, indoor air quality, industrial hygiene and food testing. Additionally, they also provide materials testing, characterization, and forensic laboratory services for a wide range of commercial, industrial, regulatory, and law enforcement clients.

The seller was First Industrial Realty Trust. First Industrial is an established REIT and owner of industrial real estate serving thousands of customers, which leases, manages, buys, sells, and develops industrial real estate, providing real estate solutions for every stage of the industrial supply chain."

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