10 Cliffside Drive
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.
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.