Western Building Co. Acquires Industrial Property In Fairfield & Ledgewood From Woodmont Properties For $22,025,000

An industrial property located at 210 Fairfield Road and 1705 Route 46 in Fairfield and Ledgewood has been sold for a total price of $22,025,000. The property spans across 92,486 square feet, resulting in a price per square foot of $238. The buyer of the property is Western Building Co., while the seller is Woodmont Properties. The transaction was facilitated by brokers from Cushman & Wakefield, namely Andy Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt, Andy Schwartz, Jordan Sobel, and Andre Balthazard.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22,025,000
• Address: 210 Fairfield Road & 1705 Route 46
• Market: Fairfield & Ledgewood
• Buyer: Western Building Co.
• Seller: Woodmont Properties
• Brokers: Andy Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt, Andy Schwartz, Jordan Sobel, and Andre Balthazard - Cushman & Wakefield

The sale of this industrial property marks a significant transaction in the Fairfield and Ledgewood market. The involvement of Western Building Co. as the buyer and Woodmont Properties as the seller highlights the importance of this deal in the industrial real estate sector. The expertise and representation of the brokers from Cushman & Wakefield, including Andy Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt, Andy Schwartz, Jordan Sobel, and Andre Balthazard, were instrumental in facilitating this successful transaction.