Invesco Real Estate Acquires West Essex Logistics Center In Livingston For $98.5M

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.