Marcus & Millichap arranges sale of Chapel Hill Shops in Jackson, New Jersey

JACKSON TOWNSHIP, NJ — Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Chapel Hill Shops at Jackson, an 8,000 s/f, fully leased multi-tenant retail property at 305 Whitesville Road in Jackson.

“Transactions like this are often the result of long-term engagement with both ownership and active investors across asset classes,” said Chez Eider, senior director investments. “Understanding the objectives on both sides can create opportunities where there is strong alignment and a clear path to closing, regardless of asset type.”

Eider represented the seller, a national investor, and procured the buyer, a local private investor. The buyer plans to continue operating the property while evaluating long-term opportunities.

Chapel Hill Shops at Jackson is on a 1.30-acre lot within the Jackson–Lakewood corridor, an area supported by steady residential growth and demand for neighborhood-serving retail. The property is fully occupied by a mix of local, service-oriented tenants. The average household income within one mile exceeds $141,000.