SOLD
Goodman Group Acquires Industrial Complex In Jersey City From DN Property Co. LLC For $92M
125 Theodore Conrad Drive
Industrial
464,400 SF
464,400 SF
Sold 20 days ago
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
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.View on map
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Address125 Theodore Conrad Drive
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