Deko International Acquires 73000 Square Foot Industrial Property In Garfield For $16.5 Million

Deko International has acquired a 73,000-square-foot industrial warehouse located at 325 Midland Avenue in Garfield for a transaction amount of $16.5 million. The property features a competitive price per square foot of $226 and benefits from a strategic location near major highways, along with recent upgrades.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,500,000
• Address: 325 Midland Avenue
• Market: Garfield
• Square Footage: 73,000
• Price Per Square Foot: $226
• Buyer: Deko International
• Seller: Snowball Developments
• Buyer's Representatives: Chris Vassilian, Grant La Bounty, Justin Smith, Michael Schaible, Troy Wisse - Lee & Associates
• Seller's Representatives: Kate Granahan, Kevin Dudley - CBRE

The transaction involved key representatives from both the buyer and seller side, with Lee & Associates representing Deko International while CBRE represented Snowball Developments. This collaboration facilitated the successful acquisition, enabling Deko International to expand its operations significantly.