Custom Picture Frames Acquires Industrial Property In Somerset, NJ For $5.7M

An industrial property located at 6 Shirley Ave in Somerset, NJ has been sold in a transaction. The property, spanning 45,300 square feet, was sold for a price of $5,662,500, resulting in a price per square foot of $125. The buyer in this transaction was Custom Picture Frames, while the seller was Emby Hosiery Corp. The deal was facilitated by brokers William Waxman and Chris Griffith from CBRE, as well as Ilan Tabbouche and Leo Esses from Bussel Realty.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,662,500
• Address: 6 Shirley Ave, Somerset, NJ
• Market: Somerset, NJ
• Square Footage: 45,300

The involvement of brokers William Waxman and Chris Griffith from CBRE, as well as Ilan Tabbouche and Leo Esses from Bussel Realty, played a crucial role in facilitating the transaction. Their expertise and representation were instrumental in securing the deal between Custom Picture Frames and Emby Hosiery Corp.