Stro Companies Acquires Development Site In Florham Park, NJ For $7.3M

A development site located at 19 Vreeland in Florham Park, NJ has been sold in a recent transaction. The property, with an address in the Florham Park market, was purchased by Stro Companies from the seller, Bank of New York. The deal was facilitated by brokers J.B. Bruno, Jordan Avanzato, and Marc Duval. The development site was sold for a total price of $7,300,000. The property has a building square footage (BSF) of 141,000, resulting in a price per building square footage (PPBSF) of $52.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $7,300,000
• Address: 19 Vreeland, Florham Park, NJ
• Market: Florham Park, NJ

The buyer, Stro Companies, acquired the development site from the seller, Bank of New York. The transaction was overseen by brokers J.B. Bruno, Jordan Avanzato, and Marc Duval. The property was listed at an asking price of $7,300,000 and was sold for the same amount. The development site has a building square footage of 141,000, equating to a price per building square footage of $52.