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Marcus & Millichap Sells 26,993-SF Retail Building

ELIZABETH, NJ-The shopping center, formerly owned by a New Jersey Limited Liability Co., was picked up by a local investor for $5.2 million.

By Alyson Grala | Updated on March 19, 2010

ELIZABETH, NJ-Marcus & Millichap Real Estate Investment Services recently sold a 26,993-square-foot shopping center here for $5.2 million, says Michael J. Fasano, vice president/regional manager of the firm’s New Jersey office.

Seth Pollack, senior associate in the firm’s Elmwood Park office, had the exclusive listing to market the property on behalf of the seller, a New Jersey Limited Liability Co. The buyer, a local investor, was secured by associate, Urszula Zoltek, also from the Elmwood Park office. Built around 1960, this two-story retail building contains a lot size of 1.29 acres and is situated on the northbound side of Route 1 & 9.

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