American Equity Partners Acquires Development Site In Edison For $7.75M With Avison Young's Brokers

A redevelopment site located at 2121 State Route 27 in Edison, NJ, has been sold for $7,750,000. The property encompasses 99,321 square feet and is positioned strategically near major transportation routes, including I-287/I-95, facilitating access to key distribution centers.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,750,000
• Square Footage: 99,321
• Address: 2121 State Route 27
• Market: Edison

American Equity Partners acquired the site with intentions to transform the former Revlon facility into logistics or other adaptive uses. The transaction was facilitated by brokers Mike Wilson, Erik Foster, Timothy Cadigan, and Matthew C. Turse from Avison Young, who represented the seller in the deal.