SOLD
Taconic Partners And Nuveen Real Estate Acquire Industrial Property In Morristown, NJ For $55M
1 Cory Road
Industrial
296,000 SF
296,000 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Industrial
296,000 sqft
An industrial property located at 1 Cory Road in Morristown, NJ was recently sold for $55,000,000. The property spans across 24.4 acres and offers a total square footage of 296,000. The sale price per square foot was $186. Cushman & Wakefield served as the broker for this transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $55,000,000
- Address: 1 Cory Road, Morristown, NJ
- Market: Morristown, NJ
- Acres: 24.4
- Square Footage: 296,000
- Sale Price per Square Foot: $186
The buyer of this property was Taconic Partners represented by Chris Balestra, along with Nuveen Real Estate represented by Nadir Settles. They successfully acquired this industrial asset in Morristown. This transaction showcases the expertise and collaboration of the involved parties.
Players
All
6
Agents
4
Agencies
1
Lenders
1
Details
SOLD
IMAGE: Chris Balestra & Nadir Settles
DATE: 12/23/2021
ADDRESS: 1 Cory Road
MARKET: Morristown, NJ
ASSET TYPE: Industrial ~ ACRES: 24.4
BUYER: Taconic Partners - Chris Balestra & Nuveen Real Estate - Nadir Settles
BROKER: Cushman & Wakefield
SALE PRICE: $55,000,000
SF: 296,000 ~ PPSF: $186View on map
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Address1 Cory Road
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