AUG. 26–PENNSVILLE, NJ–Representing both buyer and seller, Binswanger/CBB recently negotiated the sale of a 182,761-square-foot building on 57 acres from Wheaton USA Inc. to Red Toad Investments, LLC.
The property, located at 88 Industrial Park Boulevard in Pennsville, sold for $1,025,000.
An Alcan Packaging company, Wheaton USA Inc. specializes in manufacturing lab equipment and other products for the pharmaceutical, healthcare and cosmetics industries. The company’s Decora Division formerly utilized a state-of-the-art cleanroom created within the building for pharmaceutical packaging and the
remaining space for storage and warehousing.
The buyer, Red Toad Investments, LLC, plans to renovate and upgrade the property while seeking tenants.
Headquartered in Philadelphia, PA, Binswanger/CBB is a member of Chesterton Blumenauer Binswanger, a global full-service real estate organization with 160
offices worldwide throughout the U.S., Canada, Mexico and South America, the U.K. and Europe, the Middle East, Asia, South Africa and Australia.