MDC & Bukiet sell 67 Walnut Avenue for $10.525 million

CLARK, NJ — Full-service real estate company Mountain Development Corp. (MDC) and joint-venture partner Bukiet Building and Management Co., LLC (Bukiet)  have recently sold 67 Walnut Ave., a 76,000 s/f five-story office building in Clark.  The multi-tenanted Union County building was traded to a private investor for $10.525 million.
MDC and Bukiet purchased the building in 2015 and have completed a series of capital improvements – including a new roof, new parking lot, new elevators, HVAC updates and the addition of a “grab and go” café – in order to maintain the building’s competitive advantage in the marketplace. 67 Walnut Avenue was 97% occupied at the time of sale.
 

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