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125 Theodore Conrad Drive
SOLD

Goodman Group Acquires Industrial Complex In Jersey City From DN Property Co. LLC For $92M

125 Theodore Conrad Drive

Industrial
464,400 SF
clock iconSold 90 days ago
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Summary

Sale
NEW JERSEY
Industrial
464,400 sqft

The industrial/manufacturing complex located at 125 Theodore Conrad Drive in Jersey City, NJ, was recently sold for $92 million. Spanning 464,400 square feet, the property sits on 21.7 acres of land and was acquired by Gregory Goodman of Goodman Group from DN Property Co. LLC. The sale price equates to $198 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $92,000,000
  • Buyer: Gregory Goodman - Goodman Group
  • Seller: DN Property Co. LLC
  • Address: 125 Theodore Conrad Drive
  • Market: Jersey City
  • Square Footage: 464,400
  • Price per Square Foot: $198

Goodman Group, the buyer in this transaction, plans to redevelop the property into a modern warehouse facility. The site, previously utilized by the New York Daily News, boasts views of the Statue of Liberty near New York Harbor. This strategic acquisition positions Gregory Goodman as a key player in enhancing the industrial landscape in Jersey City through thoughtful redevelopment initiatives.

Details

Deal Summary
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SOLD
IMAGE: Gregory Goodman DATE: 04/12/2024 ADDRESS: 125 Theodore Conrad Drive MARKET: Jersey City ASSET TYPE: Industrial ~ ACRES: 21.7 BUYER: Gregory Goodman - Goodman Group (@Goodman.Group) SELLER: DN Property Co. LLC SALE PRICE: $92,000,000 SF: 464,400 ~ PPSF: $198 NOTE: Goodman Group acquired a 464,400-square-foot industrial/manufacturing complex in Jersey City, NJ, previously owned by DN Property Co. LLC for $92 million. The site, formerly utilized by the New York Daily News for nearly three decades, will undergo redevelopment by Goodman Group for a modern warehouse facility, situated on 21.7 acres with views of the Statue of Liberty near New York Harbor.

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Address125 Theodore Conrad Drive

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