Cushman & Wakefield Brokers Secure $34.5M Sale Of Industrial Property In Elizabeth, NJ

Located at 1 Slater Drive in Elizabeth, NJ, this industrial property was recently sold in a closed transaction. Covering an area of 240,000 square feet, the asset offers ample space for industrial activities. The property was purchased on 09/29/2021 for a total sale price of $34,500,000, resulting in an average price per square foot of $144.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $34,500,000
• Address: 1 Slater Drive
• Market: Elizabeth, NJ
• Square Footage: 240,000

The transaction was facilitated by Cushman & Wakefield, with a team consisting of Gary Gabriel, Kyle Schmidt, Ryan Larkin, Eli Millstein, Chuck Fern, and Gary Casaletto representing the deal. Their expertise and negotiation skills played a vital role in the successful completion of the transaction.