Konica Minolta Acquires Industrial Asset On Williams Dr, Ramsey From Prestige Motors

Industrial property located at 133 Williams Dr in Ramsey, NJ, 07446, with a square footage of 171,500 was involved in a recent sale transaction. The property was purchased by Konica Minolta from seller Prestige Motors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Buyer: Konica Minolta
• Buyer's Representative: Richard Baumstein (Cushman & Wakefield)
• Seller: Prestige Motors
• Square Footage: 171,500
• Market: Ramsey

The transaction was facilitated by Richard Baumstein from Cushman & Wakefield, serving as the national real estate advisor for Konica Minolta. Dan Foley from Savills Studley acted as the broker for the seller, Prestige Motors. The deal enabled Konica Minolta to consolidate its U.S. operations into a single campus in northern New Jersey, leveraging a $29 million Grow New Jersey grant.