White Star Logistics Acquires Office Building In Matawan For $7.6M

An office property located at 14 Cliffwood Ave in Matawan has been sold for $7,600,000. The property spans an area of 46,000 square feet, resulting in a price per square foot of $165. The sale took place on 02/02/2023 and the transaction was facilitated by David Zimmel of Zimmel Associates, representing the buyer, White Star Logistics, and the seller, Denholtz Properties.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $7,600,000
• Address: 14 Cliffwood Ave
• Market: Matawan
• Square Footage: 46,000
• Price per Square Foot: $165
• Buyer: White Star Logistics
• Seller: Denholtz Properties
• Broker: David Zimmel - Zimmel Associates

David Zimmel from Zimmel Associates played a crucial role as the broker representing both the buyer, White Star Logistics, and the seller, Denholtz Properties, in this transaction.