Shelbourne Global Solutions Acquires Property From Mountain Development Corp For $23M In New Providence

The property asset involved in this transaction is located at 41 Spring St, New Providence, NJ, with a market value reflecting a significant transaction amount of $23,000,000.00. The total square footage of the asset is 171,216, representing a substantial size in the New Providence market.

Summary of transaction details:

• Property Type: Not specified
• Transaction Amount: $23,000,000.00
• Address: 41 Spring St, New Providence, NJ
• Market: New Providence
• Seller: Mountain Development Corp. MDC
• Buyer: Shelbourne Global Solutions
• Seller's Representative: Kevin Welsh - Newmark, Geoffrey Schubert - CBRE

The deal involved key individuals and companies including the seller Mountain Development Corp. and the buyer Shelbourne Global Solutions. The sellers were represented by brokers Kevin Welsh from Newmark and Geoffrey Schubert from CBRE, facilitating the transaction efficiently in the competitive property market.