M id A tlantic Real Estate Journal — Office & Industrial/Distribution Centers — May 21 - June 17, 2021 — 13A
O ffice & I ndustrial /D istribution C enters
TOP Transactions SOLD 202,000 SF | $29,325,780 1000-1108 Jefferson Avenue, Elizabeth Buyer: Elion Partners Seller: The Seyon Group, Wheelock 188,343 SF | $27,580,325 $27,580,325 105 Ave A, Bayonne Buyer: IMCO Seller: WPT Industrial REIT 160,575 SF | $23,514,071 99 Ave A, Bayonne Buyer: IMCO Seller: WPT Industrial REIT 154,788 SF | $24,194,435 190 S Wood Ave, Iselin Buyer: GIC Seller: LBA Realty 120,760 SF | $23,700,000 111 Bauer Drive, Oakland Buyer: Exeter Seller: David Ekstein 102,224 SF | $24,500,000* 66-96 E. Union Ave, E. Rutherford Buyer: Duke Realty Seller: Caravan Ingredients
• There was just over 4 million square feet sold this quarter excluding portfolio sales. • The average sales price per square foot was $125.99, which is down $18.74 per square foot from the previous quarter. • 1000-1108 Jefferson Avenue was the top sales transaction for the quarter. ElionPartnerspurchased the 202,000-square-foot building from The Seyon Group and Wheelock Street Capital for $29,325,780 million or $145 per square foot. • NAI Hanson facilitated the sale of 66- 96 Union Avenue, a 102,224-square- foot building in East Rutherford, from Caravan Ingredients to Duke Realty for an undisclosed amount.
*NAI Hanson Transaction
66-96 E. Union Ave, E. Rutherford
THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES CONSIDERED TO BE RELIABLE, BUT NO GUARANTEE OF ITS ACCURACY IS MADE BY NAI JAMES E. HANSON.
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