facebook
Traded Co logo
Submit a Deal
85 Herman Street
SOLD

Sagard Real Estate Acquires Industrial Property In East Rutherford For $19.4M

85 Herman Street

Industrial
47,310 SF
clock iconSold 123 days ago
Matthew C. Turse
Timothy Cadigan
Kevin Dudley
+ 2
the dealplayerscompscontact
share iconContact now

Summary

Sale
NEW JERSEY
Industrial
47,310 sqft

The industrial property located at 85 Herman Street in East Rutherford was sold for $19,395,000. The asset spans 47,310 square feet, amounting to a price per square foot of $410. The transaction involved Sagard Real Estate as the buyer and Eric Gormeley of Deugen Development as the seller.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $19,395,000
  • Address: 85 Herman Street
  • Market: East Rutherford
  • Buyer: Sagard Real Estate
  • Seller: Eric Gormeley - Deugen Development
  • Buyer's Rep: Kevin Dudley & Kate Granahan - CBRE
  • Seller's Rep: Timothy Cadigan & Matthew C. Turse - Avison Young

The deal was facilitated by buyer's representatives Kevin Dudley and Kate Granahan from CBRE, along with seller's representatives Timothy Cadigan and Matthew C. Turse from Avison Young. Each party played a crucial role in the successful completion of the industrial property transaction.

Players

  • All

    6

  • Agents

    4

  • Agencies

    2

Matthew C. Turse's profile picture
Matthew C. Turse
Avison Young-image
$19.4M Sold
Timothy Cadigan's profile picture
$19.4M Sold
Kevin Dudley's profile picture
Kate Granahan's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: Eric Gormeley, Timothy Cadigan, Kevin Dudley, Kate Granahan & Matthew C. Turse DATE: 02/13/2024 ADDRESS: 85 Herman Street MARKET: East Rutherford ASSET TYPE: Industrial BUYER: Sagard Real Estate SELLER: Eric Gormeley (@EricGormeley) - Deugen Development (@DeugenWorldWide) BUYER'S REP: Kevin Dudley & Kate Granahan (@Kate_Granny) - CBRE (@CBRE) SELLER'S REP: Timothy Cadigan & Matthew C. Turse - Avison Young (@Avison_Young_Global) SALE PRICE: $19,395,000 SF: 47,310 ~ PPSF: $410

View on map

Loading...

Address85 Herman Street

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want