Simex Acquires Industrial Property In Piscataway, NJ From American Express For $5.5M

Located at 2 Corporate Place in Piscataway, NJ, an industrial property was recently sold in a transaction. The property spans across 44,362 square feet and was sold for a price of $5,545,500, resulting in a price per square foot of $125. The deal was closed on 05/26/2021.

Summary of Transaction Details:

• Property Type: Industrial
• Transaction Amount: $5,545,500
• Address: 2 Corporate Place, Piscataway, NJ
• Market: Piscataway, NJ

The buyer of the property was Simex, represented by Eli Chalouh. On the other hand, the seller was American Express, with Stephen Squeri as the representative. The buyer was assisted by Leo Esses and Ilan Tabbouche from Bussel Realty Corp. (BRC) as their representatives. JLL served as the representative for the seller in this transaction.