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New York & Tri-State  + New Jersey  + Finance  |  November 28, 2023
Emily Fu
By: Emily Fu

Somerville Union Ave Plaza Sold for $4M 

SNS Real Estate Investment Group has sold Union Avenue Plaza in Somerville, New Jersey, for $3.5 million.  

The property, situated at 21-29 Union Ave, spans 20,866 square feet and serves as a retail center with eight fully occupied tenants. Anchored by the New Jersey Department of Motor Vehicles, which has operated there since the 1980s, the plaza boasts proximity to major highways like Interstate 287, US-22, and 202.  

Hyldahl and Alan Cafiero of Marcus & Millichap’s New Jersey office had the exclusive listing to market the property on behalf of the seller and procured the buyer, an individual/personal trust. 

Read More News Stories About: Marcus & Millichap
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Inside The Story

Hyldahl Cafiero

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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