Catalyst Development Partners Acquires 6.7-Acre Site In Edison With $4.9M Loan

Cushman & Wakefield has secured $4.9 million in financing for Catalyst Development Partners to acquire and redevelop a 6.7-acre site located at 135 Whitman Ave. in Edison. This well-positioned site is situated near Interstate 287 and the New Jersey Turnpike, offering strategic accessibility. The property can be developed into an 82,500-square-foot industrial facility or parking/storage area, providing an opportunity to revitalize a long-vacant property.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $4,900,000
• Address: 135 Whitman Avenue
• Market: Edison
• BSF: 82,500
• Acres: 6.7

Catalyst Development Partners, led by Rob Meyer as the landlord, enlisted the expertise of Cushman & Wakefield for this transaction. The team from Cushman & Wakefield, including brokers John Alascio, Chuck Kohaut, T.J. Sullivan, and Jason Blankfein, played a pivotal role in securing the financing from Streamline Realty Funding. With their support, Catalyst Development Partners can now proceed with the acquisition and redevelopment, bringing new life to this previously vacant property.