Route 440 Owner, LLC Acquires Jersey City Development Site For $25.5M

58 Water Street, Jersey City, NJ, USA

$25,500,000

Building Size

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Asset Type

Development Site

Closing

Feb 28, 2021

AI

A development site located at 58 Water Street, 39 Mallory Avenue, and 244 Culver Avenue in Jersey City has been sold for $25,500,000. The property was purchased by Route 440 Owner, LLC from the seller, Alpha Assembly Solutions Inc. The deal was facilitated by brokers Charles Berger, Elli Klapper, Mark Silverman, Thomas Mallaney, Bill Waxman, and Kevin Dudley of CBRE.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $25,500,000
Address: 58 Water Street, 39 Mallory Avenue, and 244 Culver Avenue
Market: Jersey City

The transaction involved the sale of a development site in Jersey City. Route 440 Owner, LLC acquired the property from Alpha Assembly Solutions Inc. The sale was facilitated by Charles Berger, Elli Klapper, Mark Silverman, Thomas Mallaney, Bill Waxman, and Kevin Dudley of CBRE.

Players