Realterm Acquires 33,500 SF Industrial Property Near Port Of Newark

The industrial property at 74 Avenue L in Newark, spanning 33,500 square feet on a 1.7-acre site near the Port of Newark, has been acquired by global investment management firm Realterm. The facility boasts 15 dock-high doors, catering to industrial operations. The seller and specific sales price for this transaction remain undisclosed.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Market: Newark
• Buyer: Realterm
• SF: 33,500
• Address: 74 Avenue L, Newark, NJ, 07105
• Buyer's Representatives: Stephen Shoemaker, Thomas Tucci, Torsten Thaler - Cushman & Wakefield

Torsten Thaler, Steve Shoemaker, and Tom Tucci from Cushman & Wakefield played pivotal roles as the buyer's representatives in facilitating this industrial property acquisition. Realterm, a prominent player in global investment management, made a strategic move to add this property to its portfolio, leveraging the expertise of the Cushman & Wakefield team in closing the deal successfully.