CBRE Completes Sale of Former American National Can Building in South Brunswick, N.J.
SADDLE BROOK, N.J. (October 3, 2012) –CBRE, New Jersey’s largest commercial real estate brokerage firm, announced it has completed the sale of the former American National Can building, an industrial manufacturing warehouse at 925 Georges Road in South Brunswick, N.J.
CBRE’s Lou Belfer and Scott Belfer, both senior vice presidents, represented the seller, Niki International Inc., a textile company. Managing Director Joel Lubin of Jones Lang LaSalle represented the buyer.
Situated on 30 acres and previously used for the seller’s expanding textile business, the new owner plans to use the 141,000-square-foot building for industrial purposes.
“The building will be extensively modernized and improved,” said Scott Belfer. “In today’s manufacturing industry, all the amenities offered in this building, such as the 30-to-40-foot-high ceilings and heavy power and rail capabilities, are necessary, making this building a desirable property for any business in that industry.”
Originally built by the American National Can Company, the building was last sold in 2003 by Rexam PLC, a consumer packaging company.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.