18 South Middlesex Avenue

Cranbury, NJ

ACQUIRED

January 1996

SOLD

December 1997

SQUARE FOOTAGE

220,000

TYPE OF BUILDING

Distribution

Cranbury.jpg

This single tenant property, previously owned by Bridgestone Firestone, was acquired by Cambridge Hanover in 1996 after the previous investor/developer Bridgestone Firestone contracted with could not perform.  With General Electric in hand to lease a portion of the property, Cambridge Hanover completed the transaction, immediately addressed GE’s tenant improvements, and converted the building into a multi-tenant facility, also leasing the space to Hann & DePalma, a pharmaceutical fulfillment company.  In 1997, Cambridge Hanover sold the property.

 
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