James Lee Of Key Foods Acquires Development Site In Orange & East Orange For $7,625,000

The property asset involved in this transaction is a development site comprising multiple addresses including 51 Central Avenue, 43 Central Avenue, 39 Central Avenue, 650 Central Avenue, 636 Central Avenue, and 630 Central Avenue. The sale price for the asset was $7,625,000 and it encompasses a total area of 1.93 acres. The market for this transaction is identified as Orange & East Orange.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,625,000
• Addresses: 51 Central Avenue, 43 Central Avenue, 39 Central Avenue, 650 Central Avenue, 636 Central Avenue, 630 Central Avenue
• Market: Orange & East Orange
• Acres: 1.93
• Buyer: James Lee - Key Foods
• Seller: Lamont Carter, Peter Aytug, Nancy Rinaldi & Sam Grunbaum
• Buyer's Representative: Maurice Assia

This deal involved key individuals including the buyer, James Lee from Key Foods, and the seller group comprising Lamont Carter, Peter Aytug, Nancy Rinaldi, and Sam Grunbaum. Maurice Assia represented the buyer in this transaction, facilitating the negotiation and agreement between the involved parties.