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Trending: Commercial Real EstateDevelopmentresidential real estateInvestment Salesmiami beach ACRE3.58% AMT3.18% COLD4.04% DLR3.21% CUBE2.78% ACC0.00% STOR3.48% STAG1.59% IIPR9.12% AHT7.82% AKR2.39% AVB1.53% CBRE3.15% CIGI4.93% CLPR3.36% CWK3.23% DRH3.58% ELS3.47% EQR1.13% ESRT1.01% EXPI8.45% GNL2.74% HOV6.70% LTC0.90% MET0.81% MMI2.68% NMRK3.46% PGRE2.42% PK4.42% PURP.L2.06% RDFN6.83% REG3.57% RLGY3.80% RMAX1.86% SLG0.96% SPG-PJ0.00% STWD3.26% TOL3.83% VGR2.16% VNO1.14% Z6.88% -------------------------------------------------------------------------------- ELION PARTNERS BUYS $30M INDUSTRIAL PROPERTY IN ELIZABETH FIRM’S FIRST NEW JERSEY ACQUISITION SPANS 8.6 ACRES Tri-State / Mar.March 02, 2021 03:51 PM By Sasha Jones Share on FacebookShare on TwitterShare on LinkedinShare via EmailShare via Shortlink Share via Shortlink 1000 Jefferson Ave, Elizabeth, New Jersey. (Kassin Sabbagh Realty) Elion Partners has expanded its East Coast portfolio by scooping up a 8.6 acre industrial property for $29.7 million. The 202,000-square-foot building, at 1000 Jefferson Ave in Elizabeth, New Jersey, was sold by Seyon Group and Wheelock Street Capital. Seyon had paid $24 million for it in 2019. The acquisition is Elion Partners’ first in New Jersey. In South Florida, where the firm is located, Elion has been busy buying warehouses and industrial properties. Read more * Elion Partners pays $32M for Dania Beach industrial property * Elion Partners buys Coral Springs warehouse for $7M * Shifting gears: Elion Partners pays $12M for Pompano Beach auto parts distribution center Kassin Sabbagh Realty’s Bunny Escava, Isaac Setton brokered the Elizabeth deal. Northern New Jersey’s industrial market had a strong 2020. Net absorption of 9.8 million square feet exceeded the previous year’s 6.8 million, according to a report by Newmark. E-commerce and last-mile delivery helped drive leasing activity. Vacancy, however, has increased from 4 percent to 4.3 percent as new completions outpaced absorption. Contact Sasha Jones Full Name* Email Address* Message* -------------------------------------------------------------------------------- Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink TAGS Elion Partnersindustrial real estateNew Jersey Trending Now 1. Compass reports $188M first-quarter loss, CFO’s resignation 2. Chetrit, Stellar land $714M refi for UES luxury buildings 3. Rethinking Rent: When Tenants Want the Rights of Ownership 4. Ivana Trump’s Ex-Palm Beach Mansion Sells for $73M 5. 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