Lombardi of Marcus & Millichap arranges the sale of a 11,348 s/f retail property $2.7 millon West Orange, NJ

March 30, 2015

 

WEST ORANGE, NJ — Marcus & Millichap, one of the leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 11,348 s/f, retail and office building located at 640-642 Eagle Rock Ave. in West Orange, according to Brian Hosey, regional manager of the firm’s New Jersey office. The asset sold for $2.7 million.

Michael Lombardi, vice president investments in Marcus & Millichap’s New Jersey office had the listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Michael Rothstein , a senior associate in Marcus & Millichap’s Manhattan office. The buyer was executing a 1031 exchange and closed all cash.

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