PAG Investments Acquires Industrial Property In Edison, NJ For $11M

The industrial property located at 3920 Park Ave in Edison, NJ has recently been sold. The transaction took place on 07/07/2021 with a sale price of $11,000,000. The property spans a total area of 63,000 square feet, resulting in a price per square foot of $175. The buyer of the property is PAG Investments, represented by Gershon Alexander. The seller is 3920 Park Avenue Associates, represented by Lawrence Berger. The deal was facilitated by David Zimmel from Zimmel Associates.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Address: 3920 Park Ave, Edison, NJ
• Market: Edison, NJ
• Buyer: PAG Investments - Gershon Alexander
• Seller: 3920 Park Avenue Associates - Lawrence Berger
• Broker: David Zimmel - Zimmel Associates
• SF: 63,000
• PPSF: $175

Gershon Alexander of PAG Investments played a key role as the buyer in this transaction, while Lawrence Berger of 3920 Park Avenue Associates acted as the seller. The deal was successfully brokered by David Zimmel from Zimmel Associates.