JERSEY CITY, NJ—Simi Capital and Criterion Group have purchased a 135,000 square foot industrial building situated on six acres at 21 Caven Point Avenue in Jersey City, NJ from a joint venture of Avidan Management and Elberon Development Group for $16.5 million.
According to Real Capital Analytics, a proprietary research database, the Avidan-Elberon joint venture acquired the property in January.
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