Brookfield Development Acquires Industrial Property In South Plainfield For $14.6M

The industrial property located at 800 Montrose Ave in South Plainfield has been sold in a recent transaction. The property, spanning 112,000 square feet, was listed for sale at an asking price of $14,600,000. The sale was finalized at the same price, resulting in a price per square foot of $130. The buyer in this transaction was Brookfield Development, represented by Justin Drysdale and Tyler Mordas. The seller in the transaction was Sansone Group.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $14,600,000
• Address: 800 Montrose Ave, South Plainfield
• Market: South Plainfield

The buyer, Brookfield Development, was represented by Justin Drysdale and Tyler Mordas. The seller, Sansone Group, enlisted the services of Marc Duval, Jordan Avanzato, John Huguenard, and Nick Stefans, all from JLL, as their brokers in the deal.