CBRE Group’s Westchester/Fairfield County office announced today the successful sale of 39 Mount Ebo Road South, a 93,000-square-foot industrial property in Southeast.
The Watchtower Bible and Tract Society of New York, Inc. bought the property for $6.1 million.
The buyer plans to use the property for its own uses, including media production, CBRE Group said in a press release.
“This industrial property sits on 11.42 acres of land and features warehouse space and adjoining offices—it’s a truly rare block of modern high bay warehouse space for this market and continues the trend of owner occupiers buying blocks of space,” said Kevin Langtry, a vice president in CBRE’s Stamford, CT office.
The tenant, Watson Pharmaceuticals, planned to vacate the property, so its owner retained CBRE, Inc. in advance to line up a buyer.
Langtry represented the seller, IndCor Properties, a Chicago-based REIT that owns and operates a portfolio of wholly owned industrial properties in locations throughout the United States.
“This, combined with its proximity to Watchtower’s Route 22 campus, made it a great fit. It was a win-win for both IndCor and The Watchtower Bible and Tract Society of New York,” said Langtry.
Link to JWTalk thread <-- where the claim is made it's solely for A/V production use