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Cushman & Wakefield Completes Sale of 100 Friars Boulevard in West Deptford, New Jersey
PHILADELPHIA, July 19, 2016 - Cushman & Wakefield announced today that it represented SK Realty Management on the sale of 100 Friars Boulevard for an undisclosed price to Exeter Property Group.
The property includes a 180,000-square-foot warehouse/distribution facility strategically located on 12.7 acres at the I-295 (Thorofare - Exit 20) in West Deptford, NJ. Prior to the sale, 100 Friars Boulevard was operated by a Fortune 20 global pharmaceutical distribution company.
A Cushman & Wakefield team led by Matthew Marshall, Managing Director, and Jeffrey Williams, Managing Director, represented SK Realty Management in the transaction. Exeter Property Group was represented in-house by Henry Steinberg.
Sam Kirschenbaum, CEO of SK Realty Management stated that "Cushman & Wakefield did an excellent job executing this transaction."
Cushman & Wakefield's Marshall affirmed, "We are proud of our recent engagement by SK Realty Management in the sale of 100 Friars Boulevard in West Deptford. Our client gave us pricing parameters to meet, expectations for their closing schedule, and criteria for the quality of buyer they sought to purchase the asset, and we exceeded expectations in every category. In selecting Exeter Property Group as the buyer in this transaction, our sales process and closing ran professionally and efficiently."
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About SK Realty Management
SK Realty Management ("SKRM") is a real estate investment group specializing in the purchase of warehouse/distribution centers in the Northeast and Midwest. Since its inception, SKRM has delivered transaction returns of over 50% on non-core assets. SKRM's current portfolio is in excess of $150,000,000 of real estate assets.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.