MONTVALE, NJ—75 Chestnut Ridge Road in Montvale, NJ, has been sold for $5.7 million, marking the continued transformation of a landmark Bergen County corporate neighborhood. Cushman & Wakefield orchestrated the sale from a private ownership entity to a Big Four professional services firm, neither of which were identified by Cushman & Wakefield.
Cushman & Wakefield office brokerage specialist Dan Johnsen, and Metropolitan Area Capital Markets Group team members Andrew Merin, David Bernhaut, Gary Gabriel and Brian Whitmer marketed the 60,000-square-foot, former Winebow headquarters building on behalf of the owner. Jeff Babikian of CBRE represented the buyer.
“Our goal was to sell the property to a user,” Johnsen says. “The buyer is planning to completely renovate the building.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
