Colliers International Orchestrates Sale of Three-Building Flex Property in the Pureland Industrial Complex

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 led by Jacklene Chesler, senior managing director, advised the seller and secured the buyer for 510 Heron Drive. The Colliers brokerage 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.

About Colliers International

Colliers International is a global leader in commercial real estate services, with more than 16,300 professionals operating out of 554 offices in 66 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate occupiers, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals’ Global Outsourcing 100 for 10 consecutive years, more than any other real estate services firm. Colliers International has served clients in Philadelphia since 1920 and comprises six offices in the region (Philadelphia, PA; West Conshohocken, PA; Harrisburg, PA; Allentown, PA; Mount Laurel, NJ; and Wilmington, DE). For the latest news from Colliers International, visit colliers.com/mountlaurel, or follow us on Twitter: @ColliersSNJ.