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Rhodium Capital Advisors Acquires Jersey City Office Building for $20M

600-Pavonia-Ave-Jersey-City-NJ

Rhodium Capital Advisors is implementing a $3 million capital expenditure and tenant improvement program at the 85,000-square-foot office building located at 600 Pavonia Ave. in Jersey City, N.J.

JERSEY CITY, N.J. — Rhodium Capital Advisors has purchased an office building located at 600 Pavonia Ave. in Jersey City. An undisclosed seller sold the 85,000-square-foot property for $20 million. The buyer plans to implement a $3 million new capital expenditure and tenant improvement program at the eight-story building. Rhodium Capital Advisors closed on the property via its newly launched investment platform.

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