CenterPoint Properties Trust Acquires Industrial Property In Dayton, NJ For $91M

An industrial property located at 63-65 Stults in Dayton, NJ has been sold in a closed transaction. The property, spanning 269,204 square feet, was listed on the market by Jones Development and purchased by CenterPoint Properties Trust. The transaction was facilitated by brokers Jordan Avanzato and Marc Duval from JLL. The sale price for the property was $91,000,000, which translates to a price per square foot of $338.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $91,000,000
• Address: 63-65 Stults, Dayton, NJ
• Market: Dayton, NJ
• Buyer: CenterPoint Properties Trust (@centerpointproperties)
• Seller: Jones Development
• Brokers: Jordan Avanzato & Marc Duval - JLL (@jll)
• Square Footage: 269,204
• Price per Square Foot: $338

The deal was successfully negotiated by the brokers Jordan Avanzato and Marc Duval from JLL, who represented both the buyer, CenterPoint Properties Trust, and the seller, Jones Development.