Monday, June 24, 2013

HFF closes sale of Jersey City redevelopment site



180 Baldwin Ave. redevelopment site, Jersey City, NJ


FLORHAM PARK, NJ – HFF announced today that it has closed the sale of a 5.20-acre redevelopment site at 180 Baldwin Avenue in Jersey City, New Jersey.

Michael Nachamkin
                HFF marketed the property exclusively on behalf of the seller, 180 Baldwin, LLC.  180 Baldwin Avenue, LLC purchased the site.

                180 Baldwin Avenue is located in the Journal Square section of Jersey City with close proximity to the PATH train providing access to Midtown Manhattan.  The property is currently improved with a 300,000-square-foot manufacturing building that was the former Mueller Pasta Factory.

                The HFF team representing the seller was led by managing director Michael Nachamkin.

                “There are very few opportunities in Jersey City for new development and even fewer of this size,” said Nachamkin.  “This site is an ideal location for an office or retail development in the heart of one of the most densely populated areas in the country.”
  
For a complete copy of the company’s news release, please contact:

Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
                                                                 

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