EverWest Real Estate Investors Acquires Industrial Property In Franklin Township, Somerset NJ For $27.7M

An industrial property located at 650 Randolph Road in Franklin Township, Somerset NJ has been sold. The property spans 125,790 square feet and was sold for a total price of $27,673,800, resulting in a price per square foot of $220. The sale was completed on October 26, 2021.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,673,800
• Address: 650 Randolph Road, Franklin Township, Somerset NJ
• Market: Franklin Township, Somerset NJ

The buyer of the property is EverWest Real Estate Investors, represented by Steve Feinberg. The seller in this transaction is Citgen Realty. The deal was facilitated by brokers Joel Lubin, John Buckley, and Gary Politi from JLL.