Sitex Group Acquires Industrial Property In Avenel For $19.7M

An industrial property located at 160 Essex Ave. East in Avenel has been sold for $19,700,000. The property spans 40,000 square feet and is part of the Sitex Group's portfolio. The transaction was completed on September 21, 2022, with the seller being Total Source Logistics. The property is situated in the Avenel market, known for its industrial properties.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $19,700,000
• Address: 160 Essex Ave. East
• Market: Avenel

The buyer in this transaction was Sitex Group, a prominent real estate investment company. The seller, Total Source Logistics, was represented by Jordan Metz from Bussel Realty Corp. The deal was facilitated by Jordan Metz, who acted as the broker for both the buyer and seller.