The 50,000 square foot industrial facility, situated on 2.5 acres, was sold for the owner Coren-Indik, Inc. and purchased by Oliver-Tolas Healthcare Packaging, Inc. The new owner plans to renovate the building and use the facility to house their expanding operations. The location, near Street Road and U.S. Route 1, provides easy access for both employees and trucks.
The strong interest in the property in the last several months indicates improvement in the industrial real estate market. “The previous owner out-grew the building and the new owner is expanding into it. This business growth is a welcome sign of our strengthening economy and improving industrial real estate market.”
