Devli Group purchases 150 Mt Bethel Road in Warren, NJ, a 121,954 square foot, 15.7 acre property consisting of two flex buildings, from Hampshire Companies.

The property benefits from approved plans to develop an additional 46,000 square foot building as well as easy access to I-78 and I-287 with exceptional demographics and surrounding amenities. The buildings feature flex industrial space with 26’ clear ceiling heights, nine loading docks and 355 parking spaces. Flex and office uses include warehousing, distribution, light manufacturing, and scientific/research labs. “Since our first purchase in Warren nearly 15 years ago, we have seen a steady demand for this type of flex-industrial space. Warren’s central location and strong demographics make this asset an ideal addition to our portfolio,” says Erol Devli, founder and CEO. Devli Group is committed to Warren, also owning 141 Mt Bethel Road, a 150,068 square foot flex property across the street. Andrew Schwartz, Andrew Merin and Ryan Larkin of Cushman & Wakefield represented the buyer and the seller in the transaction. 

About Devli Group: Devli Group is a real estate investment, development and management company with assets diversified in industrial, retail, multi-family, office, mixed-use properties and hotels.