Brookfield Acquires Industrial Property In Clifton, NJ For $25.5M

Brookfield has acquired an industrial property located at 65-75 Kingsland Avenue & 125-127 Kingsland Avenue in Clifton, NJ. The property is situated in a thriving market and spans approximately 125,000 square feet. The sale price for this transaction was recorded at $25,500,000, resulting in a price per square foot (PPSF) of $204. The asset type of this property is industrial.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $25,500,000
• Address: 65-75 Kingsland Avenue & 125-127 Kingsland Avenue, Clifton, NJ
• Market: Clifton, NJ

The seller of this property was the Marino Family. The brokers involved in the deal were Bunny Escava, Isaac Setton, and Ricky Ades from Kassin Sabbagh Realty, along with Andrew Somple from NAI Hanson.

Kassin Sabbagh Realty, represented by Bunny Escava, Isaac Setton, and Ricky Ades, is rapidly expanding its presence in various industrial markets across the U.S., with a specific focus on New York, New Jersey, Philadelphia, Boston, Florida, Atlanta, Texas, and the Carolinas. If you are interested in buying, selling, or leasing industrial properties within these regions, please reach out to them.