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Simex Acquires Industrial Property In Piscataway, NJ From American Express For $5.5M

2 Corporate Place
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This Industrial property located in NJ was sold for $5,545,500 almost 4 years ago. The brokers of the deal were Leo A. Esses and Ilan Tabbouche

Located at 2 Corporate Place in Piscataway, NJ, an industrial property was recently sold in a transaction. The property spans across 44,362 square feet and was sold for a price of $5,545,500, resulting in a price per square foot of $125. The deal was closed on 05/26/2021.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: $5,545,500
  • Address: 2 Corporate Place, Piscataway, NJ
  • Market: Piscataway, NJ

The buyer of the property was Simex, represented by Eli Chalouh. On the other hand, the seller was American Express, with Stephen Squeri as the representative. The buyer was assisted by Leo Esses and Ilan Tabbouche from Bussel Realty Corp. (BRC) as their representatives. JLL served as the representative for the seller in this transaction.

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Deals
  • Location
    2 Corporate Place, Piscataway, NJ, USA2 Corporate Place, Piscataway, NJ, USA
  • Sale Price
    $5,545,500$5,545,500
    $125 PPSF$125 PPSF
  • Area
    44,362 SF44,362 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Leo A. Esses

Leo A. Esses

Deals4
Sold$21.3M

Agency

Bussel Realty

Bussel Realty

Agency
Deals69
Volume$317.5M

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Deal Summary

SALE IMAGE: Ilan Tabbouche, Leo Esses & Stephen Squeri DATE: 05/26/2021 ADDRESS: 2 Corporate Place MARKET: Piscataway, NJ ASSET TYPE: Industrial BUYER: Simex - Eli Chalouh SELLER: American Express - Stephen Squeri BUYER'S REP: Leo Esses & Ilan Tabbouche - Bussel Realty Corp. (BRC) SELLER'S REP: JLL SALE PRICE: $5,545,500 SF: 44,362 ~ PPSF: $125

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2 Corporate Place

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