A 4.5-acre land parcel adjacent to Newark Liberty International Airport in Newark has sold for $8.205 million.
Commercial real estate company Holliday Fenoglio Fowler LP announced the sale, for which the company marketed the property exclusively and procured the unnamed buyer, saying it intends to construct an 80,000-square-foot industrial building at the site.
According to HFF, the land at 120 Frontage Road was purchased free and clear of existing debt.
Director Marc Duval, Senior Managing Director Jose Cruz and Director Jordan Avanzato of the HFF investment advisory team represented the seller in the transaction.
The seller was also not disclosed.