The Hampshire Companies has closed on the disposition of a 121,954 sqf flex building asset in Warren, NJ. to the Devli Group. The two building property is located on Mt Bethel Road on a 15.7 acre site. The buildings feature 26’ clear ceiling heights, nine loading docks and 355 parking spaces. Andrew Schwartz, Andrew Merin and Ryan Larkin of Cushman & Wakefield represented the buyer and the seller in the transaction. Terms of the sale were not disclosed.
“Since our first purchase in Warren nearly 15 years ago, we have seen a steady demand for this type of flex-industrial space. Warren’s central location and strong demographics make this asset an ideal addition to our portfolio,” says Erol Devli, founder and CEO of the Devli Group.
