The property involved in the transaction is a development site located at 15 Essex St, Harrison, NJ, which encompasses a five-acre lot. This site includes a 233,000-square-foot industrial facility, as well as a vacant lot. The transaction was valued at $14,500,000.00.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $14,500,000.00
• Address: 15 Essex St, Harrison, NJ, 07029
• Market: Harrison
• Size: 233,000 SF
• Seller's Representative: Paul Touhey - CBRE
• Buyer: Undisclosed

Charles Berger, Elli Klapper, Mark Silverman, Thomas Sullivan, and Paul Touhey of CBRE represented the undisclosed seller in this transaction. The buyer plans to demolish the existing industrial facility to develop a multifamily project on the site.