Penwood Real Estate Acquires Industrial Property In Moonachie For $31.25M

An industrial property located at 1 Caesar Place in Moonachie has been sold for a price of $31,250,000. The property covers an area of approximately 4.2 acres and has a total square footage of 96,583. The sale was completed on January 11, 2023. The property was purchased by Penwood Real Estate Investment Management, with Andrew MacDonald representing the buyer. The transaction was facilitated by brokers Jim McNerney and John D'Amato from McBride Corporate Real Estate.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $31,250,000
• Address: 1 Caesar Place, Moonachie
• Market: Moonachie
• Acres: 4.2
• Square Footage: 96,583

Jim McNerney and John D'Amato from McBride Corporate Real Estate served as the brokers in this deal, representing the buyer Penwood Real Estate Investment Management. They played a crucial role in ensuring the successful completion of the transaction.