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

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.