Stefan Sansone Of Kurv Industrial Acquires Meadowlands Portfolio From JP Morgan For $66M

The property involved in this transaction is an industrial asset known as the Meadowlands Portfolio, located at 599 Gotham Parkway, 194 & 320 Veterans Boulevard, and 25 E Union Avenue. The sale price of the asset was $66,000,000, encompassing a total square footage of 256,000, resulting in a price per square foot of $257. The property is situated within the Carlstadt and East Rutherford markets.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $66,000,000
• Square Footage: 256,000
• Price per Square Foot: $257
• Buyer: Stefan Sansone - Kurv Industrial
• Seller: JP Morgan
• Seller's Representative: Kyle Schmidt, Gary Gabriel & Seth Zuidema - Cushman & Wakefield
• Market: Carlstadt & East Rutherford

This transaction features key individuals including the buyer, Stefan Sansone, representing Kurv Industrial, who acquired the property from JP Morgan. The seller was represented by a team from Cushman & Wakefield, consisting of Kyle Schmidt, Gary Gabriel, and Seth Zuidema, ensuring proper facilitation of the deal and highlighting the collaborative effort in this transaction process.