Gramercy Property acquires building in Swedesboro

Colliers International announced Friday that it brokered the sale of a 197,500-square-foot property in Swedesboro. Colliers International represented the private, undisclosed owner in the deal.According to a news release, Gramercy Property acquired the property in Swedesboro, along with a 195,000-square-foot asset in Fairfield, Ohio, for $25.15 million. Both properties are leased to Heritage Bag Company.

“Our client and Gramercy worked together efficiently to execute a seamless transaction before the end of the year,” said Colliers International Senior Vice President Dennis Mitchell.

Mitchell, Matt Wirth, Steve Timmel, John Gartner and Marc Isdaner represented the seller. Gramercy Property Trust was not represented.