Faropoint Acquires Industrial Property In Meadowlands For $17.7M

121 Moonachie Avenue, located in the Meadowlands, was recently sold in a closed transaction. The industrial property spans approximately 62,000 square feet and was sold for a price of $17,700,000, resulting in a price per square foot of $285. The buyer in this transaction was Faropoint, represented by Orry Michael. The seller was Triangle Services.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $17,700,000
• Square Footage: 62,000
• Price Per Square Foot: $285
• Address: 121 Moonachie Avenue
• Market: Meadowlands

The deal was facilitated by the brokers David Schechtman and David Benharouch from Meridian Capital Group.