201 Elizabeth Street
Update
06/16/22
Bordentown Warehouse Acquired for $60M
A large warehouse, located at 201 Elizabeth Street in Bordentown, New Jersey, has just been sold for $60 million. The structure was purchased by Penwood Real Estate Investment Management from the previous owner, The O'Donnell Group, in a deal brokered by Newmark Group and Cushman & Wakefield.
The Class-A facility was last used as a bottled drink distribution center. Built in 1984 and later renovated in 2015, the building totals over 275,000 square feet and sits on 39 acres of land.
The structure is ideal for large-scale operations, offering widely spaced columns, 24-foot interior ceiling clearances, 16 loading docks, 2 drive-in bays, and a rail loading dock capable of handling 2-train cars at once.
201 Elizabeth Street additionally comes equipped with refrigerated cooler rooms, a 2-story section with 9,108 square feet of office space, and an employee parking lot with 162 spots. Plans have also been approved for a major expansion that would add up to 110,000 square feet of warehousing space, and 38 additional loading docks.
