Sitex Group Acquires Zuckerberg’s NJ Industrial Park  – Robert Khodadadian

Sitex Group has acquired Zuckerberg’s Industrial Park in Saddle Brook, New Jersey, in one of the largest transactions in the state this year.   

The property, which had been owned by the Zuckerberg family for three generations, is a 640,000-square-foot, 40-acre campus consisting of 50 buildings and a 4-acre trailer parking lot. “Buying an industrial park of this size in prime infill New Jersey – particularly in Bergen County – is incredibly rare. Over the past decade, we built a relationship with the sellers and always hoped that we would own it someday,” said Sitex Principal Blake Chroman. 

Sitex plans to modernize the park while honoring the Zuckerberg family’s legacy. The acquisition is part of Sitex’s strategy to acquire, develop, and reposition industrial properties in key infill locations in New York and New Jersey. 

The post Sitex Group Acquires Zuckerberg’s NJ Industrial Park  appeared first on Connect CRE.

Sitex Group has acquired Zuckerberg’s Industrial Park in Saddle Brook, New Jersey, in one of the largest transactions in the state this year.    The property, which had been owned by the Zuckerberg family for three generations, is a 640,000-square-foot, 40-acre campus consisting of 50 buildings and a 4-acre trailer parking lot. “Buying an industrial …
The post Sitex Group Acquires Zuckerberg’s NJ Industrial Park  appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate