Cushman & Wakefield brokers sale from High Street to Federal Business Centers
Two Raritan Center industrial buildings have traded hands in a $25 million sale orchestrated by Cushman & Wakefield’s Metropolitan Area Capital Markets Group. Federal Business Centers purchased the assets at 300 Columbus Circle and 400 Raritan Center Parkway from High Street Realty.
The adjacent, multitenanted properties total 204,440 square feet and are 90 percent occupied by tenants. Situated within Raritan Center immediately off of Exit 10 of I-95, at its intersection
with I-287, Garden State Parkway and Route 1, the properties offer easy accessibility to the greater tri-state region.
Cushman & Wakefield’s Gary Gabriel headed the sale. Other team members included Andrew Merin, David Bernhaut, Brian Whitmer, Kyle Schmidt and Andrew Siemsen.
“The buildings’ Raritan Center address also adds to their appeal,” Schmidt said. “This business park offers outstanding amenities and is uniformly considered a top location for industrial [businesses] in New Jersey.”