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10 Cliffside Drive Update 08/18/22

Cedar Grove Factory Trades for $34M

A Class-B industrial building, located at 10 Cliffside Drive in Cedar Grove, New Jersey, has just been sold for $34 million. The structure was purchased by MAG Capital Partners from the previous owner, Contract Filling Inc, in a deal brokered by SAB Capital.

Originally constructed in 1981, the building is used as a manufacturing facility and totals square feet. It features 7-delivery doors and roof-mounted solar panels.

The facility sits on a 14-acre lot and features employee parking spaces. The deal has been structured as a lease-buyback, meaning that Contract Filling's operations will remain on-premises for the foreseeable future.

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