Wednesday, October 23, 2013

Covington Group Acquires Industrial Bldg for $2.9M

Covington Group, Inc. has acquired the industrial building at 7 Esterbrook Ln. in Cherry Hill, NJ from Prudential Industrial Properties for $2.895 million, or about $16 per square foot. 

The 181,000-square-foot industrial building was built in 1970 on 12.2 acres. The building contains seven loading docks, three drive-ins, 24-foot ceiling heights and heavy power. Located in Camden County, the property was vacant at the time of the sale and is currently offered for lease.

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