RET Industrial Acquires Industrial Property In Paterson, NJ For $15M

The industrial property located at 55 E. 6th St. in Paterson, NJ has been sold in a recent transaction. The property spans a total area of 152,000 square feet and was sold for a price of $15,000,000, resulting in a price per square foot of $98. The buyer in this transaction is RET Industrial represented by Jack Edelstein and Yochi Twersky. The seller of the property is Kirker Enterprises Inc. The deal was facilitated by brokers Russell Verducci and Eric Demmers from NAI James E. Hanson.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,000,000
• Address: 55 E. 6th St., Paterson, NJ
• Market: Paterson, NJ

In this sale, RET Industrial, represented by Jack Edelstein and Yochi Twersky, acquired the industrial property located at 55 E. 6th St. The seller, Kirker Enterprises Inc., successfully closed the deal with the assistance of brokers Russell Verducci and Eric Demmers from NAI James E. Hanson.