Stefan Sansone & Jeff Milanaik Acquire Industrial Property In Somerset, NJ For $44M

Bridge Industrial has acquired an industrial property located at 230 Belmont Drive in Somerset, NJ. The property spans 152,000 square feet and was sold for a total price of $44,000,000, resulting in a price per square foot of $289.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $44,000,000
• Address: 230 Belmont Drive, Somerset, NJ
• Market: Somerset, NJ

The buyers, Stefan Sansone and Jeff Milanaik, represented Bridge Industrial in the purchase. On the seller's side, Ty Newland from Newland Capital and Neal Moskowitz from Stonemont Financial facilitated the deal.