Avison Young has closed a $7.75 million sale of a former Revlon facility in Edison, NJ, highlighting opportunities for industrial redevelopment in a rapidly growing logistics market.
Target Information
Avison Young has successfully completed a $7.75 million sale of a significant redevelopment site located at 2121 State Route 27 in Edison, New Jersey. The property, which previously housed the research and design operations for Revlon Cosmetics, features a three-story building encompassing 99,321 square feet. The facility is set to be vacated in 2025, providing a prime opportunity for transformation and a change of use.
This site, strategically positioned adjacent to the I-287 and I-95 interchange, is surrounded by key logistics developments, including a FedEx Ground distribution center and an Amazon Fulfillment Center. These neighboring establishments enhance the property's attractiveness for logistics-driven utilization post-redevelopment.
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Industry Overview in New Jersey
The commercial real estate market in New Jersey has shown resilience and adaptability, particularly in the industrial sector. The demand for logistics and distribution centers has surged due to the ongoing growt
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Disclosed details
Transaction Size: $8M