SOUTH ORANGE, NJ-An 8,200-square-foot retail building at 121-129 S. Orange Ave. here has been sold to Realty Management Systems LLC for $1.15 million. The seller was S&C Leasing of South Orange LLC.

Located in South Orange’s central business district, the center is home to Rita’s Water Ice, Sonny’s Bagels and Diamond Cleaners. “With this ever-changing economy, we are finding many owners are looking at the opportunity of selling their property and they are relying on our company’s expertise,” says Chuck Lanyard, president of the Goldstein Group, which brokered the sale.

“The team of Lew Finkelstein, vice president, and Ryan Glastein, sales associate, marketed this property and found a local buyer who was interested in purchasing the property rather quickly," Goldstein adds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.