Scott Shalek & Eric Shalek Acquire Industrial Property In South Plainfield, NJ For $11.5M

The industrial property located at 456 Hollywood Avenue in South Plainfield, NJ has been sold. The property spans across 3.92 acres and was sold for a price of $11,475,000, resulting in a price per acre of $2,927,296. The transaction took place on April 28, 2023.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $11,475,000
• Address: 456 Hollywood Avenue, South Plainfield, NJ
• Market: South Plainfield, NJ
• Acre: 3.92
• Price per Acre: $2,927,296

In this deal, Scott Shalek & Eric Shalek, represented by Ridgecut Road and Marcus Partners, respectively, acted as the buyers. The sellers were Sky Hy Erectors & Equipment. The sale was facilitated by brokers David Warren, Shaya Nisnevitz, and Bunny Escava from KSR.