Deanna D. Strable Of Principal Real Estate Acquires Industrial Property From James Hanson II And Andrew Schlossberg For $74.5M In Teterboro

The property involved in this transaction is an industrial asset located at 333 North Street in Teterboro, with a total square footage of 221,448. The property was sold for a transaction amount of $74,500,000, equating to a price per square foot of $336.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $74,500,000
• Square Footage: 221,448
• Address: 333 North Street
• Market: Teterboro
• Buyer: Deanna D. Strable - Principal Real Estate
• Seller: James Hanson II - Hampshire Companies
• Seller: Andrew Schlossberg - Invesco

Deanna D. Strable represents Principal Real Estate in the purchase of the asset, while James Hanson II and Andrew Schlossberg represent Hampshire Companies and Invesco Advisers, respectively, in this transaction. The sale reflects a significant increase in value from their initial purchase, being approximately double the amount they acquired it for.