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SOLD

Bel Fuse Inc. Sells Office Building In Jersey City For $5.9M To Dan Bernstein

206 Van Vorst Street

Office
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Summary

Sale
NEW JERSEY
Office

Bel Fuse Inc., a global electronic circuit product manufacturer, has sold its building located at 206 Van Vorst Street in Jersey City, New Jersey. The office property was sold for a price of $5.9 million. This sale marks Bel Fuse Inc.'s decision to relocate its corporate headquarters to West Orange, New Jersey. The move is aimed at improving work-life balance for associates and reducing operating costs, while keeping the same phone number.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,900,000
  • Address: 206 Van Vorst Street
  • Market: Jersey City
  • Seller: Bel Fuse Inc. - Dan Bernstein

This sale was initiated by Bel Fuse Inc., a global electronic circuit product manufacturer. The company's building at 206 Van Vorst Street in Jersey City, New Jersey has been sold for $5.9 million. Bel Fuse Inc. has decided to relocate its corporate headquarters to West Orange, New Jersey in order to provide better work-life balance for its associates and reduce operating costs. Despite the relocation, the company will maintain the same phone number.

Details

Deal Summary
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SOLD
IMAGE: Dan Bernstein DATE: 06/26/2023 ADDRESS: 206 Van Vorst Street MARKET: Jersey City ASSET TYPE: Office SELLER: Bel Fuse Inc. (@BelFuseInc) - Dan Bernstein SALE PRICE: $5,900,000 NOTE: Bel Fuse Inc., a global electronic circuit product manufacturer, has sold its building in Jersey City, New Jersey for $5.9 million and will be relocating its corporate headquarters to West Orange, New Jersey. The move aims to improve work-life balance for associates and reduce operating costs while maintaining the same phone number.

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Address206 Van Vorst Street

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