HFF Announces Sale of Industrial Facility in Jersey City

On Jan 24, 2019

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a 134,500-square-foot, vacant industrial warehouse facility in Jersey City.

The HFF team marketed the property on behalf of a private seller.  The Avidan Group and Elberon Development Group purchased the asset as co-owners.

Situated on 5.6 acres at 21 Caven Point Avenue, the property is located off of Exit 14B of Interstate 78, seven miles from New York City and nine miles from Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport.  21 Caven Point Avenue features a solar panel system; low office finish; and 13 docks, including nine interior docks.

The HFF team included senior director Michael Oliver, senior managing director Jose Cruz, directors Marc Duval and Jordan Avanzato as well as senior managing director Kevin O’Hearn and senior director Steve Simonelli.

“This is a last-mile warehouse facility with incredible access to New York City as well as the airport and port,” Oliver said.  “There is incredible investor demand for vacant industrial buildings with high-quality locations.”

HFF and Holliday GP Corp. (“HFF”) are licensed New Jersey real estate brokers.

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