Taconic Partners And Nuveen Real Estate Acquire Industrial Property In Morristown, NJ For $55M

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.