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Greg Skaler Of Elion Partners Acquires Industrial Asset At 10 Normandy Drive For $73M

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SOLD
$73,000,000

New Jersey

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Industrial241,200 SF
Sold 12/18/2025
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Property Image
SOLD

Greg Skaler Of Elion Partners Acquires Industrial Asset At 10 Normandy Drive For $73M

10 Normandy Drive

See Similar Deals
Industrial241,200 SF
Sold 12/18/2025
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$302
Total Square Footage:241,200 SF
Transaction Type:Sale

The property asset involved in the transaction is an industrial type located at 10 Normandy Drive in Piscataway. The sale price was $73,000,000, and the asset spans 241,200 square feet, resulting in a price per square foot of $302.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $73,000,000
  • Address: 10 Normandy Drive
  • Market: Piscataway
  • Square Footage: 241,200
  • Price Per Square Foot: $302
  • Buyer: Greg Skaler - Elion Partners
  • Seller: Heath Abramsohn - Rockefeller Group
  • Brokers: Christopher Todd, Jordan Avanzato & William Ericksen - NAI James E. Hanson

The transaction was facilitated by the brokers Christopher Todd, Jordan Avanzato, and William Ericksen from NAI James E. Hanson, representing the buyer, Greg Skaler of Elion Partners, and the seller, Heath Abramsohn of Rockefeller Group.

Players

Jordan Avanzato
52 deals$2.5B volume(214) 500-5627
BROKER

Christopher Todd
NAI James E. Hanson
7 deals$355.6M volume(201) 961-5283
BROKER

William Ericksen
NAI James E. Hanson
2 deals$95.5M volume(973) 309-3051
BROKER

NAI James E. Hanson
BROKERAGE


Details

SOLD
IMAGE: Christopher Todd, Jordan Avanzato, William Ericksen, Greg Skaler & Heath Abramsohn DATE: 12/18/2025 ADDRESS: 10 Normandy Drive MARKET: Piscataway ASSET TYPE: Industrial BUYER: Greg Skaler - Elion Partners SELLER: Heath Abramsohn - Rockefeller Group (@RockefellerGroup) BROKERS: Christopher Todd, Jordan Avanzato & William Ericksen - NAI James E. Hanson (@Nai_Hanson) SALE PRICE: $73,000,000 SF: 241,200 ~ PPSF: $302

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$259,353.59
Cash-on-Cash Return-1.27%
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