ELMWOOD PARK, NJ—Marcus &Millichap brokered the sale of 1 Paul KohnerPlace, a 117,000-square-foot industrial property situatedon 5.43 acres in Elmwood Park, NJ. The property sold for $10.95million at a 6% capitalization rate.
Donovan Mackey, Mark Taylor, Dave Beyel, MitchCowan and Joe Batres of Marcus& Millichap's Philadelphia office, had the exclusivelisting to market the property on behalf of the seller, ThePaige Company. The team also procured the buyer, a limitedliability company.
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