Dave Gibbons & Terry Armstrong Of Elberon Development Group Acquire Industrial Asset In Elizabeth For $22.5M

The property asset involved in this transaction is located at 701-733 South Front Street in the Elizabeth market. It is categorized as an industrial asset, with a sale price of $22,500,000 and priced at $155 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22,500,000
• Address: 701-733 South Front Street
• Market: Elizabeth
• Buyer: Dave Gibbons & Terry Armstrong - Elberon Development Group
• Seller: Freeport McMoRan
• Brokers: Jordan Avanzato, Christopher Todd, William Ericksen, Eric Demmers & Russell Verducci - NAI James E. Hanson

This transaction showcases the collaboration of key industry professionals, including brokers from NAI James E. Hanson, representing both the buyer and seller in the deal. The representatives involved were Jordan Avanzato, Christopher Todd, William Ericksen, Eric Demmers, and Russell Verducci, highlighting a strong brokerage presence in the transaction.