SOLD
Invesco Real Estate Acquires West Essex Logistics Center In Livingston For $98.5M
8 Peach Tree Hill Road
Industrial
293,887 SF
293,887 SF
Sold 331 days ago
Summary
Sale
NEW JERSEY
Industrial
293,887 sqft
The West Essex Logistics Center in Livingston, NJ, has been sold by Bluewater Property Group and Affinius Capital to Invesco Real Estate for a total of $98,500,000. This industrial property spans over 293,887 square feet and is located at 8 Peach Tree Hill Road. It is situated in the Livingston market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $98,500,000
- Square Footage: 293,887
- Price per Square Foot: $335
- Address: 8 Peach Tree Hill Road
- Market: Livingston
The transaction was facilitated by the brokerage team from Cushman & Wakefield, including Gary Gabriel, David Bernhaut, Kyle Schmidt, and Ryan Larkin. They represented the seller, Bluewater Property Group and Affinius Capital, in the deal.
It is worth noting that the West Essex Logistics Center was originally the headquarters of CIT Bank. However, it has been redeveloped into a logistics facility with top-notch features, making it a Class A property.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Gary Gabriel, Kyle Schmidt, Ryan Larkin & David Bernhaut
DATE: 06/07/2023
ADDRESS: 8 Peach Tree Hill Road
MARKET: Livingston
ASSET TYPE: Industrial
BUYER: Invesco Real Estate (@InvescoUS)
SELLER: Bluewater Property Group & Affinius Capital
BROKERS: Gary Gabriel, David Bernhaut, Kyle Schmidt & Ryan Larkin - Cushman & Wakefield (@CushWake)
SALE PRICE: $98,500,000
SF: 293,887 ~ PPSF: $335
NOTE: Bluewater Property Group and Affinius Capital have sold the West Essex Logistics Center in Livingston, NJ, a 293,887-square-foot industrial property, to Invesco Real Estate. The former CIT Bank headquarters underwent redevelopment into a logistics facility with Class A features.View on map
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Address8 Peach Tree Hill Road
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