568 Central Avenue LLC Acquires 24-Acre Industrial Property In Bridgewater For $37M

568 Central Ave, located in Bridgewater, was recently sold in a transaction valued at $37,000,000. The industrial property spans approximately 220,000 square feet, resulting in a price per square foot of $168. The sale was completed by Anthony Rittwager, Matthew Phillips from The AI Group, Jordan Metz from The Metz Industrial Team, and Bussel Realty Corp. Anthony Rittwager and Jordan Metz represented the buyer, 568 Central Avenue LLC, while Matthew Phillips represented the seller, Central Avenue Corp. The deal was finalized on September 1, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $37,000,000
• Address: 568 Central Ave
• Market: Bridgewater
• Square Footage: 220,000
• Price Per Square Foot: $168
• Buyer: 568 Central Avenue LLC
• Seller: Central Avenue Corp
• Brokers: Anthony Rittwager, Matthew Phillips - The AI Group, Jordan Metz - The Metz Industrial Team, Bussel Realty Corp
• Date: 09/01/2022

The transaction showcases the collaboration of various individuals and companies in Bridgewater's real estate market. Anthony Rittwager and Jordan Metz, as representatives of 568 Central Avenue LLC, played a pivotal role in acquiring the property. Matthew Phillips, representing Central Avenue Corp, ensured a smooth transfer of ownership. This successful transaction demonstrates the expertise and value provided by The AI Group, The Metz Industrial Team, and Bussel Realty Corp in the industrial real estate sector.