The Albanese Organization Acquires Development Site In Downtown Jersey City For $70M

The development site located at 290 Coles St in Downtown Jersey City has been sold for a transaction amount of $70,000,000. The property spans across 79,715 square feet, resulting in a price per square foot of $878. The sale was completed on 07/27/2022.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $70,000,000
• Address: 290 Coles St
• Market: Downtown Jersey City

The buyer of the property was The Albanese Organization, while the seller was 290 Coles Street LLC. The transaction was facilitated by Bob Antonicello and Bobby Antonicello Jr. from Grid Real Estate.

Note: Grid Real Estate is a boutique real estate brokerage and advisory firm with extensive experience in both the private and public sector. They specialize in providing smart and creative real estate brokerage and advisory services, contributing to the renewal and regeneration of communities.