Dora’s Naturals acquired a 70,680-square-foot industrial building situated at 80 Knickerbocker Road in Moonachie. The transaction was completed for a total price of $20.9 million, which reflects a price per square foot of $296. The property is spread across 3.47 acres and highlights the growing industrial market in the area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,900,000
• Address: 80 Knickerbocker Road
• Market: Moonachie
• Square Footage: 70,680
• Price per Square Foot: $296
• Buyer: Cyrus Schwartz - Dora’s Naturals
• Seller: 7 Knickerbocker Road LLC
• Brokers: Brian Fiumara, Chad Hillyer, Elli Klapper, Jeremy Wernick, Kate Granahan, Kevin Dudley & Nicholas Klacik - CBRE

This transaction marks the second acquisition for Dora’s Naturals in the area within five months, indicating a strategic effort to enhance its natural and organic food distribution capabilities. CBRE played a significant role in representing the buyer throughout the acquisition process.