RE Investment Firm Pays $11M For Newark Mixed-Use Space

Law360, New York (December 12, 2013, 7:17 PM EST) -- Real Estate Ventures Capital Group LLC has agreed to purchase 10 acres of land near Newark Bay in Newark, N.J., including 200,000 square feet of rentable space, for $11 million, the firm announced Thursday.

The firm, owned by entrepreneur Domenick Pucillo, plans to use the space to build industrial, commercial, retail, office and manufacturing properties.

“I am excited to announce Real Estate Venture Capital Group's acquisition of 357 Wilson Ave. We are thrilled to be a part of revitalizing the New Jersey port and helping to...
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