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Vacant Chatham, NJ Retail Draws Strong Investor Interest
Cushman & Wakefield arranged the $2,070,000 sale of 434 Main St., a vacant retail property in downtown Chatham, NJ. The Cushman & Wakefield team of Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri represented both the seller, 434 Realty Management, LLC, and the buyer, Aldrich US Holdings Inc.
The property is a 5,036-square-foot building situated on a 0.46-acre corner parcel at the signalized intersection of Main Street (Route 124) and Van Doren Avenue. Formerly occupied by a bank on the ground floor with office space above, the asset was delivered vacant at closing, providing optionality for future occupancy or repositioning.
“Vacant properties in downtown Chatham rarely come to market, particularly those with dedicated parking and prominent Main Street frontage,” said Sobel. “The level of interest we received reflects the ongoing demand from users seeking high-quality locations in some of New Jersey’s most established suburban business districts.”
- ◦Sale/Acquisition
