Daniel Spiegel And Yehuda Kotkes Of KS Group Acquire Industrial Asset In Newark For $70M

The property asset involved in this transaction is located at 151 Raymond Boulevard, Newark, NJ. An industrial asset, it was sold for a total transaction amount of $70,000,000, encompassing a total area of 2,221,560 square feet, equating to a price per square foot of $31.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $70,000,000
• Address: 151 Raymond Boulevard
• Market: Newark, NJ
• Square Footage: 2,221,560
• Price per Square Foot: $31
• Buyer: Daniel Spiegel & Yehuda Kotkes - KS Group
• Seller: Daryl Hagler - CDK Capital Group
• Buyer's Representatives: Yoni Hadar & Michael Shah - Delshah Capital; Eliad Sprung & Eliyahu Thaler
• Seller's Representatives: Elli Klapper & Shlomo Weissberg - CBRE

This transaction involved notable individuals such as the buyers Daniel Spiegel and Yehuda Kotkes, representing KS Group, and seller Daryl Hagler of CDK Capital Group. The brokerage teams played a significant role, with Yoni Hadar and Michael Shah from Delshah Capital representing the buyers, alongside Eliad Sprung and Eliyahu Thaler. For the seller, Elli Klapper and Shlomo Weissberg from CBRE provided representation throughout the transaction.