The 100% leased strip center sold for $3.7 million to a local investor, who was represented by Seth Pollack, a senior associate in the firm's New Jersey office. Michael Lombardi, also a senior associate based in the New Jersey office, had the exclusive listing to market the property on behalf of the unnamed seller.
Nora is a stable, income producing strip center with long tenancy; many have been there since the early 1990s. "New Jersey retail has, and continues, to outperform the national statistics," says Fasano.
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