Sitex Group Acquires Industrial Property In Mahwah, NJ For $20M

Sitex Group has acquired an industrial property located at 800 Corporate Drive in Mahwah, NJ. The property spans 84,240 square feet, and the sale price amounted to $20,000,000, resulting in a price per square foot of $237. The transaction was facilitated by Isaac R. Setton and Bunny Escava of KSR, who represented both the buyer, Sitex Group, and the seller, Urbana Partners.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $20,000,000
• Square Footage: 84,240 sqft
• Price per Square Foot: $237
• Address: 800 Corporate Drive, Mahwah, NJ
• Market: Mahwah, NJ
• Buyer: Sitex Group
• Seller: Urbana Partners
• Brokers: Isaac R. Setton & Bunny Escava - KSR

The involvement of Isaac R. Setton and Bunny Escava of KSR was instrumental in facilitating the deal between Sitex Group and Urbana Partners for the industrial property at 800 Corporate Drive in Mahwah, NJ. Their expertise and representation ensured a successful transaction for all parties.