Cushman & Wakefield announced Wednesday its East Rutherford office completed the sale of 51 Commerce Dr., a 222,536-square-foot industrial building located in South Brunswick.
According to the announcement, Parsippany-based Ivy Realty purchased the property from the seller, Commerce SRG LLC, represented by Cushman and Wakefield's Metropolitan Area Capital Markets Group. The East Rutherford CMG team included Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Kyle Schmidt, who worked closely with the Frank Caccavo/Jason Goldman team based at the firm's Edison office.
Completed in 1983, 51 Commerce Dr., is 96-percent occupied by three tenants including Lenox Corporation, which operates its 54,000-square-foot outlet store at the building, the company said in a statement.
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