By Holly Polivka CoStar Research
Radnor, Pennsylvania-based Endurance Real Estate Group sold the East Gate Center, a fully leased distribution facility located at 116 Gaither Dr. in Mount Laurel, New Jersey, to Associated Builders and Contractors, a national construction industry trade association based in Washington, D.C.
ABC purchased the building for $17.55 million, or approximately $165.57 per square foot, in what is described by brokers as an owner-user deal. The building is currently occupied by Food Sciences Corp., a contract/private label manufacturer that develops, blends and packages nutritional food products intended to combat the disease of obesity and its related chronic conditions. Food Science Corp. has been located here since 2019.
Built in 1982 ,the 106,000-square-foot building includes 8,105 square feet of office, 13 loading docks and 10 drive-in bays.
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