DN Property Company LLC, a joint venture between the New DN Company and Twenty Lake Holdings, has recently sold a historic property in Jersey City to Goodman Group. The 21.7-acre site at 125 Theodore Conrad Drive will be transformed into a modern warehouse facility by Goodman.
Situated in Jersey City with stunning views of the Statue of Liberty, this site was previously home to the Daily News printing plant for nearly three decades. “Although it is bittersweet that we had to part ways with our stewardship after almost twenty-five years, we are delighted that this land will now contribute towards boosting the local economy through its transformation into a state-of-the-art warehouse,” stated Eric Gertler, Chairman of New DN Company.
The sale was successfully facilitated by CBRE’s National Partners team and Northern New Jersey office.
