Devli Group Acquires Development Site In Wallington, NJ For $60M

A development site located at 520 Main Ave in Wallington, NJ has been sold for a transaction amount of $60,000,000. The property spans 26 acres, which equates to a price per acre of $2,307,692. The sale was between the buyer, Devli Group represented by Chris Devli and Mark Devli, and the seller, Doka. The brokers involved in the transaction were Marc Duval, Jordan Avanzato, and Nick Stefans from JLL.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $60,000,000
• Address: 520 Main Ave, Wallington, NJ
• Market: Wallington, NJ
• Buyer: Devli Group - Chris Devli & Mark Devli
• Seller: Doka
• Brokers: Marc Duval, Jordan Avanzato & Nick Stefans - JLL
• Acres: 26
• Price per Acre: $2,307,692

Jordan Avanzato, a Senior Director at JLL Capital Markets, played a role in the sale. Additional contact information for Jordan Avanzato is as follows:

• Address: 1776 On The Green, 67 E Park Place, 4th Floor, Morristown, NJ 07960
• Phone: +1 973 549 2012
• Email: Jordan.Avanzato@jll.com
• Website: us.jll.com/capitalmarkets

The transaction was facilitated by Jones Lang LaSalle Americas, Inc., a licensed real estate brokerage company.