NorthBridge Acquires Industrial Property In Branchburg, NJ For $7.2M

The industrial property at 161 Meister Avenue in Branchburg, NJ has been sold in a closed transaction. The sale took place on 06/01/2021, with NorthBridge as the buyer and Elberon & Avidan Group as the seller. The property, spanning 50,000 square feet, was sold for a total price of $7,225,000, resulting in a price per square foot of $145. The transaction was facilitated by brokers Marc Duval and Jordan Avanzato from JLL.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $7,225,000
• Address: 161 Meister Avenue, Branchburg, NJ
• Market: Branchburg, NJ
• Buyer: NorthBridge
• Seller: Elberon & Avidan Group
• Brokers: Marc Duval & Jordan Avanzato - JLL

The deal was successfully closed, with the buyer, NorthBridge, acquiring the industrial property from the seller, Elberon & Avidan Group. Marc Duval and Jordan Avanzato from JLL represented both parties in the transaction, ensuring a smooth process.