KS Group, Giga Holdings & Eitan Chakov Acquire Retail Property In Newark For $9M | 365 North 5th Street | Retail | Sale

Summary

Sale

NEW JERSEY

Retail

47,500 sqft

Summary of transaction details

Property Type: Retail
Transaction Amount: $9,000,000
Address: 365 North 5th Street
Market: Newark
Square Footage: 47,500
Price per Square Foot: $189
Buyer: Daniel Spiegel & Yehuda Kotkes - KS Group; Jeff Blau - Giga Holdings; Eitan Chakov
Seller: Robert A. Kaslander

Details

Deal Summary

SOLD

IMAGE: IMAGE: Eitan Chakov, Daniel Spiegel, Yehuda Kotkes & Jeff Blau DATE: 02/08/2024 ADDRESS: 365 North 5th Street MARKET: Newark ASSET TYPE: Retail BUYER: Daniel Spiegel & Yehuda Kotkes - KS Group (@KSGroupLLC); Jeff Blau - Giga Holdings (@jeff_blau); Eitan Chakov (@eitanchakov) SELLER: Robert A. Kaslander SALE PRICE: $9,000,000 SF: 47,500 ~ PPSF: $189 NOTE FROM BUYER: The buyers at KS Group, represented by Daniel Spiegel and Yehuda Kotkes, have teamed up with Giga Holdings, led by Jeff Blau, and Eitan Chakov, to successfully acquire Kaslander Lumber and its accompanying land for a total of $9 million. This partnership marks an exciting milestone for all parties involved, with the buyers expressing confidence in the transaction’s potential to bring substantial benefits to both the city of Newark and their respective enterprises. Partnership is planning to operate and expand the lumber business. For media inquiries, please contact: [email protected]

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Address365 North 5th Street

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