Trenton, N.J. (October 12, 2021) – Fennelly announces it has negotiated the sale of a 22,600-square-foot industrial building located at 626 Brunswick Avenue in Trenton, N.J. Fennelly’s Jerry Fennelly, SIOR, represented the seller, Compass, in the sale to a private buyer.
Located less than a mile from Route 1, 626 Brunswick Avenue is a single-story industrial building featuring 12’-18’ ceilings, three loading docks and one drive-in. Previously occupied by Compass, a distributor of store fixtures and displays, the building was a key piece of the company’s three-building footprint in the Philadelphia/Trenton metropolitan area. However, Compass recognized that consolidating their real estate holdings to just two buildings would offer an opportunity to see significant cost savings while enabling them to invest the proceeds of the sale into capital improvements at its other two industrial properties.
After five years of working with another commercial real estate firm and failing to procure a buyer for 626 Brunswick Avenue, Compass tapped Fennelly to assume the marketing of the building. Leveraging its strong local relationships and creative approach to marketing, the Fennelly team was able to quickly secure a buyer for the property and close on a sale. The sale not only allowed Compass to save over $100,000 a year in real estate and operating costs but also provided the capital needed to make strategic improvements at the remaining two buildings in its portfolio.
“We take great pride in our ability to not only operate as transaction managers but also as key pieces in helping clients achieve their business goals,” said Jerry Fennelly, SIOR, President of Fennelly. “The sale of 626 Brunswick exemplifies the Fennelly difference and how we leverage our unmatched understanding of our local markets and experience to drive results on behalf of a wide range of clients across the region.”
