Realterm Logistics Acquires Warehouse In Elmsford, Westchester For $70.25M

A warehouse located at 2 Warehouse Lane in Elmsford, Westchester recently changed hands in a closed property transaction. The property, with a total square footage of 386,000, was sold for a price of $70,250,000. This puts the price per square foot at $182. The transaction took place on 03/01/2019.

Summary of transation details:

• Property Type: Warehouse
• Transaction Amount: $70,250,000
• Address: 2 Warehouse Lane, Elmsford, Westchester
• Market: Elmsford, Westchester
• Seller: Mack-Cali Realty
• Buyer: Realterm Logistics
• Brokers: Jose Cruz, Jordan Avanzato, & Marc Duval - HFF
• Square Footage: 386,000
• Price per Square Foot: $182

The sale of this warehouse was facilitated by the brokers Jose Cruz, Jordan Avanzato, and Marc Duval from HFF. They represented both the seller, Mack-Cali Realty, and the buyer, Realterm Logistics, in the transaction.