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Sitex Group sells industrial property in Avenel

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The properties at Blair Road, Avenel.
The properties at Blair Road, Avenel. - ()

Brokerage firm Cushman & Wakefield announced Sitex Group has sold two industrial properties at 191 Blair Road and 215 Blair Road, Avenel for $65 million.

C&W’s Gary Gabriel, Andrew Merin, David Bernhaut, Brian Whitmer, Kyle Schmidt and Andrew MacDonald represented the seller and procured the buyer, Barings Real Estate.

The properties are located at Exit 12 of the New Jersey Turnpike. The sale included a renovated 175,182-square-foot property and a newly constructed 198,854-square-foot building.

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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