Thor Equities Acquires Office Property In Warren, New Jersey For $27.1M

The office property located at 7 Powder Horn Drive in Warren, New Jersey has been sold in a closed transaction. The property spans approximately 180,000 square feet and was sold for a total price of $27,100,000, resulting in a price per square foot of $117. The transaction took place on October 14, 2020.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $27,100,000
• Address: 7 Powder Horn Drive, Warren, New Jersey
• Market: Warren, New Jersey
• Buyer: Thor Equities
• Seller: Ivy Realty
• Brokers: Kevin Welsh, Brian Schulz, Jason Emrani, Steven Schultz & Dan Reider from NewmarkKF

The purchase was made by Thor Equities, while Ivy Realty sold the property. The deal was facilitated by brokers Kevin Welsh, Brian Schulz, Jason Emrani, Steven Schultz, and Dan Reider from NewmarkKF.