Federal Realty Investment Trust Acquires Development Site In Hoboken For $9M

The development site located at 301 Washington St in Hoboken has been sold in a recent transaction. The property spans approximately 14,650 square feet and has been purchased by Federal Realty Investment Trust for a total of $9,000,000. The sale price equates to a price per square foot of $614. The seller in this transaction was Capital One.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $9,000,000
• Square Footage: 14,650
• Price Per Square Foot: $614
• Buyer: Federal Realty Investment Trust
• Seller: Capital One
• Brokers: Robert Mackowski & Jason Pierson - Pierson Commercial

Representing the buyer and seller in this deal were Robert Mackowski and Jason Pierson from Pierson Commercial. They facilitated the transaction between Federal Realty Investment Trust and Capital One.