Thor Equities Acquires Passaic Industrial Property For $52M

An industrial property located at 153 Linden St in Passaic has been sold for $52,000,000. The property spans 330,000 square feet, resulting in a price per square foot of $158. The transaction took place on September 8, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $52,000,000
• Address: 153 Linden St
• Market: Passaic
• Square Footage: 330,000
• Price per Square Foot: $158

Thor Equities, represented by Joe Sitt, Jack Sitt, and Alec Ludwig, acquired the property from Howard Warehouse. The deal was facilitated by Drew Maffey, Rick Marchisio, and Brian Lynch from Lee & Associates.