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4 NJ Assets Find Buyers After Sitting Fallow on Market
A CBRE investment sales team recently closed a quartet of deals across New Jersey totaling $6.2 million. The properties include 47 Raritan Ave. in Highland Park (pictured); Franklin Commons in Shrewsbury; Marion Plaza in West Milford; and 11 Middletown-Lincroft Rd. in Lincroft.
The buyers and the sellers in each of the transactions were local private investors. The CBRE team of Nat Gambuzza and Steve Mariani was responsible for representing the sellers in each deal.
Another element the deals had in common: “These properties had been languishing in the market for a long time prior to us taking over as exclusive sale agents,” said SVP Gambuzza, who leads the eight-person New Jersey Investment Properties group.
“By utilizing all of the tools available at CBRE, including market research, demographics and targeted investor reports, we were able to find the ideal buyers for each of the assets,” he added.
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