Forsgate Industrial Partners Acquires Industrial Property In Wayne, NJ For $29.5M

A industrial property located at 30 Corporate Drive in Wayne, NJ has been sold. The transaction took place on December 30, 2020. The property was purchased by Forsgate Industrial Partners from Robert Michael Associates. The deal was facilitated by brokers Mike Walters and Cam Silverstein from NAI Hanson. The sale price for the property was $29,500,000 and it spans across 156,627 square feet, resulting in a price per square foot of $188.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $29,500,000
• Address: 30 Corporate Drive, Wayne, NJ
• Market: Wayne, NJ
• Buyer: Forsgate Industrial Partners
• Seller: Robert Michael Associates
• Brokers: Mike Walters & Cam Silverstein - NAI Hanson
• Square Footage: 156,627
• Price per Square Foot: $188

Michael G. Walters, an Executive Managing Director at NAI Hanson, and Cameron Silverstein, a Sales Associate at NAI Hanson, represented the buyer and seller, respectively, in this transaction. For more information, interested parties can contact Michael G. Walters at 201-488-5800 ext. 143 or [email protected], and Cameron Silverstein at 201-488-5800 ext. 115 or [email protected].