August 19th, 2019
Wilton, CT – Burton Real Estate (BRE), an industrial real estate investment company headquartered in Wilton, CT, has purchased 2339 Center Square Road in Logan Township, NJ for $3.4 million or roughly $42 psf. BRE, in partnership with VanRock Properties, acquired the 80,300 SF cold-storage facility with the intent of immediately embarking on a significant capital plan to reposition the asset. The redeveloped project will deliver in Q4 2019 and be well positioned to meet the strong growth and demand of the Southern New Jersey market. Joe Burton the president of BRE said “We are purchasing this property at a great cost basis in a very attractive market. Early momentum is promising with both significant broker & tenant interest in our redevelopment plan. Our capital investment plan will deliver a facility comparable to any new construction in the area by the end of this year. ”
About Burton Real Estate
Burton Real Estate is a privately held real estate investment firm specializing in the acquisition, management, and potential redevelopment of both performing and underperforming properties in the United States.
About VanRock Properties
VanRock Properties is privately held real estate firm specializing in the management, consulting, repositioning and development of properties ranging all asset classes and varying sizes.