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

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.