17-acre Morris County flex industrial campus sells for $12.8M

Investor buys flex, warehouse portfolio in Rockaway Borough for $13 million, CBRE says – Real Estate NJ

Pine Street Commons at 31 Pine St. in Rockaway Borough — Courtesy: CBRE By Joshua Burd A private investor has acquired more than 123,000 square feet of commercial space in Rockaway Borough for $12.75 million, in a newly announced deal by CBRE. Brokers with the firm represented the seller in the transaction at 31 Pine St., the site of a 17-acre, six-building complex known as Pine Street Commons. They noted that the property includes flex industri…

17-acre Morris County flex industrial campus sells for $12.8M

CBRE followed its recent Morris County office deal with the sale of a 17-acre mixed-use flex industrial complex in Rockaway. Located at 31 Pine St., the six-building Pine Street Commons fetched $12.75 million, according to an April 7 announcement from the commercial real estate services and investment firm. Comprising flex industrial and warehouse space, along with boutique offices, the property was acquired by a private investor. Executive Vice…

Morris County Flex Campus Trades to Private Investor

CBRE closed the $12.75-million sale of Pine Street Commons, a 17-acre mixed-use complex located at 31 Pine St. in the Morris County community of Rockaway, NJ. Charles Berger of CBRE’s Investment Properties spearheaded the marketing campaign, and along with CBRE’s Jeffrey Babikian represented the seller, Pine Street Commons LLC. The team also procured the buyer. The complex, consisting of six buildings offering flex industrial and warehouse facil…