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SOLD

Related Acquires Development Site In Jersey City For $58M

136 Greene Street

Development Site
58,000 SF
clock iconSold 257 days ago
Douglas (Doug) Harmon
Adam Spies
Adam Doneger
the dealplayerscompscontact
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Summary

Sale
NEW JERSEY
Development Site
58,000 sqft

The development site located at 136 Greene Street in Jersey City, NJ has been sold in a closed transaction. The property, with a total square footage of 58,000, was sold by Veris Residential to Related for a sale price of $58,000,000. With a price per square foot of $1,000, this development site is a significant investment opportunity.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $58,000,000
  • Address: 136 Greene Street, Jersey City, NJ
  • Square Footage: 58,000
  • Buyer: Related
  • Seller: Veris Residential
  • Brokers: Adam Doneger, Adam Spies & Douglas Harmon - Newmark
  • Market: Jersey City, NJ

The deal was facilitated by the brokers Adam Doneger, Adam Spies, and Douglas Harmon from Newmark. Their expertise and negotiation skills contributed to the successful transaction. This purchase demonstrates Related's confidence in the potential of this development site in Jersey City's market.

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Douglas (Doug) Harmon's profile picture
Douglas (Doug) Harmon
Newmark-image
Co-Head of U.S. Capital Markets
$23.2B Sold

Details

Deal Summary
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SOLD
IMAGE: Adam Doneger, Adam Spies & Douglas Harmon DATE: 10/31/2023 ADDRESS: 136 Greene Street MARKET: Jersey City, NJ ASSET TYPE: Development Site BUYER: Related (@RelatedCos) SELLER: Veris Residential (@VerisResidential) BROKERS: Adam Doneger (@ADoneger), Adam Spies & Douglas Harmon - Newmark (@Newmark) SALE PRICE: $58,000,000 SF: 58,000 ~ PPSF: $1,000

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Address136 Greene Street

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