NJ industrial building trades for $30M


Kassin Sabbagh Realty has brokered the trade of a 202,000
s/f industrial building in Elizabeth, NJ, for $29.7 million.

Real estate investment firm Elion Partners acquired the
property at 1000 Jefferson Avenue from  Seyon Group/ Wheelock Street Capital

Kassin Sabbagh’s Bunny Escava and Isaac Setton represented
both parties in the transaction.

Originally built in 1948 and situated on 8.6 acres,  1000 Jefferson Avenue was renovated in 2019
and  features “white box” warehouse space
with new LED lighting & new high efficiency windows.

The property is located near major highways for easy access
to popular destinations, such as the Newark Liberty International Airport,
which is only 10 minutes away and NYC, which is less than 30 minutes away.

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Elion PartnersKassin Sabbagh Realtyseyon groupwheelock street capital