Thor Equities Acquires Industrial Property On Getty Avenue In Paterson, NJ For $65.5M

The industrial property located at 217-297 Getty Avenue in Paterson, NJ has been sold for $65,500,000. The property spans 764,364 square feet, resulting in a price per square foot of $86. The sale was facilitated by Niko Berdzeni of esen Partners.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $65,500,000
• Square Footage: 764,364
• Price per Square Foot: $86
• Address: 217-297 Getty Avenue, Paterson, NJ
• Market: Paterson, NJ

The buyer of the property is Thor Equities represented by Joseph Sitt and Jack Sitt. The seller is Alma Realty, with Steve Valiotis as the representative. Niko Berdzeni of esen Partners acted as the broker in the transaction.