Marcus & Millichap announces sale of retail center in Bergen County

Marcus & Millichap announces sale of retail center in Bergen County

Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced Nov. 21 the sale of Union Avenue Retail Center, a 21,897-square-foot center in Rutherford for $7.35 million.   The buyer and seller were not identified. Alan Cafiero, David Cafiero and John Moroz represented the seller and procured the buyer.  Located at 308–314 Union Ave., it is a single-story, seven…

Local buyer adds 22,000 sq. ft. Rutherford retail center in $7.4 million deal, Marcus says – Real Estate NJ

308-314 Union Ave. in Rutherford — Courtesy: Marcus & Millichap By Joshua Burd A private investor has acquired a nearly 22,000-square-foot retail property in Rutherford for $7.35 million, brokers with Marcus & Millichap announced Friday. According to the listing team, the center at 308-314 Union Ave. drew interest thanks in part to a strong tenant mix that includes Dunkin’ and Kiddie Academy as anchors and five other tenants. The 21,897-square-f…