Three building shallow-bay complex in Bergen County sells for $17.28M
United States, Aug. 6 -- JLL Capital Markets announced it secured the off-market sale and acquisition financing for the Northern New Jersey Shallow-Bay Portfolio, a three-building industrial complex totaling 72,956 square feet in Bergen County, New Jersey. The portfolio, which sold for $17.28 million, comprises properties at 53 W Century Road in Paramus, 100 Galway Place in Teaneck and 490 S Dean Street in Englewood.JLL represented the seller, Cabot Properties, in an off-market transaction and procured the buyer, a joint venture between East Capital Partners and Westport Capital Partners. Additionally, JLL secured $9.7 million in acquisition financing on behalf of the buyer through Aegon Asset Management.The portfolio consists of last-mile ...
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