December 12, 2018
CBRE has arranged the $14.5-million sale of a development site at 15 Essex St. in Harrison, NJ. The firm’s Charles Berger, Elli Klapper, Mark Silverman, Thomas Sullivan and Paul Touhey represented the seller, GEP Specialty Chemicals, and also procured the buyer, 28th President LLC.
Located within Harrison’s Waterfront Redevelopment area, the site consisted of a 233,000-square-foot warehouse facility and a vacant lot utilized for parking. It provides a unique opportunity for a large-scale development, a few blocks from the PATH station, consisting of residential apartments, retail and parking facilities, according to CBRE.
“Our Tri-State Investment Properties team is proud to have achieved excellent pricing for our client, while at the same time providing a tremendous opportunity for the buyer to continue taking advantage of the transformation of the Harrison landscape,” said Berger. “We have a variety of similar deals coming to market over the next several months in Hudson County.”
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