510 Heron Drive, Swedesboro, N.J.,Trades for $3.52 Million

SWEDESBORO, NJ, Jan. 30, 2017 - 510 Heron Drive in Swedesboro has traded for $3.52 million, in early January in a sale orchestrated by the Parsippany, N.J. office of Colliers Inter-national Group Inc. (NASDAQ: CIGI, TSX: CIG). Amerco Real Estate Company, an affiliate of U-Haul, purchased the three, multi-tenant flex buildings, comprised of 126,251-square-feet, from Starwood Property Trust, Inc. with LNR Property LLC as Manager.

The investment sales team lead by Jacklene Chesler, senior managing director, advised the seller and secured the buyer for 510 Heron Drive. The marketing team included Jonathan Schlussel, Evan Zweben and Christina Del Duca.

"This represents a great start to 2017," said Chesler. "510 Heron Drive is a well-located property with enormous potential for re-configuration for this user-buyer. We expect to see momentum continue in the year ahead."

510 Heron Drive is one of only two flex properties located in the Pureland Industrial Complex, New Jersey's largest industrial park and one of the ten largest in the U.S. The three buildings at 510 Heron Drive are situated on 10.56 acres and feature 21 loading docks and 5 drive-in doors. Approximately 57 percent of the property is currently leased. The location, off I-295 in Gloucester County, is ideal, with Philadelphia and Wilmington 20 minutes away. Major metro areas, including Baltimore, New York, and Washington D.C. can be reached within two hours.

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About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of ser-vices to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals' Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
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About Starwood Property Trust, Inc.
Starwood Property Trust, Inc. (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United States. The Company's core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. Through its subsidiary LNR Property, LLC, the Company also operates as the largest commercial mortgage special servicer in the United States.