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New York & Tri-State  + New Jersey  + Retail  |  August 28, 2026
Paul Bubny
By: Paul Bubny

Marcus & Millichap’s Cafiero Team Closes Sale of Union County Mixed-Use

Marcus & Millichap closed the sale of 219-225 E. Broad St., a mixed-use property in Westfield, NJ. The asset sold for $5.9 million in the second sale the firm arranged in this union County suburb in as many weeks.

“This transaction reflects the continued demand for well-located mixed-use assets in New Jersey’s strongest downtown markets,” said Alan Cafiero, executive managing director investments in Marcus & Millichap’s New Jersey office. “Westfield’s combination of high-quality demographics, strong retail fundamentals and direct rail access to New York City continues to attract investors looking for long-term stability and value.”

Cafiero, David Cafiero and Damien Rance of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.

The property is a two-story, 13,006-square-foot building on a 0.26-acre lot. It has five suites and was renovated in 1995. It is fully occupied by Sweetgreen, Club Pilates, Fred Astair Dance Studio, GamifyU and Exploratores.

Read More News Stories About: Marcus & Millichap
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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