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Thor Equities Group Acquires 10-Acre Development Site In Bogota, New Jersey For $50M

Property Image
SOLD
$50,000,000

New Jersey

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Development Site150,000 SF
Sold 03/23/2022
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Property Image
SOLD

Thor Equities Group Acquires 10-Acre Development Site In Bogota, New Jersey For $50M

14 River Road, Bogota, New Jersey 07603, United States

See Similar Deals
Development Site150,000 SF
Sold 03/23/2022
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$333
Total Square Footage:150,000 SF
Transaction Type:Sale

A development site located at 14-22 River Road in Bogota, New Jersey has been sold for a price of $50,000,000. The site spans across 10 acres and is designated as a development opportunity. The transaction took place on March 23, 2022, and was completed by the buyer, Thor Equities Group, represented by Joseph Sitt, and the seller, Skybrook Capital.

Summary of Transaction Details:

  • Property Type: Development Site
  • Transaction Amount: $50,000,000
  • Address: 14-22 River Road, Bogota, New Jersey
  • Market: Bogota, New Jersey
  • Asset Type: Development Site
  • Total Acres: 10

Joseph Sitt, representing Thor Equities Group, played a crucial role as the buyer in this transaction. Skybrook Capital acted as the seller in the deal. The sale price of $50,000,000 reflects a significant investment in this prime development site.

Players

Joseph Sitt
Thor Equities
Joseph Sitt
37 deals$1.1B volume
BUYER
Skybrook Capital
Skybrook Capital
SELLER

Details

SOLD
IMAGE: Joseph Sitt DATE: 03/23/2022 ADDRESS: 14-22 River Road MARKET: Bogota, New Jersey ASSET TYPE: Development Site ~ ACRES: 10 BUYER: Thor Equities Group (@ThorEquities) - Joseph Sitt SELLER: Skybrook Capital SALE PRICE: $50,000,000 BSF: 150,000 ~ PPBSF: $333

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