WOODBRIDGE, NJ—The Kislak Co. brokered the recent off-market $11.25 million sale of Colonial Square Mall, a 62,666-square foot shopping center at 293-305 Route 22 East in Green Brook, Somerset County, NJ.
Kislak VP Jeff Squires represented both parties in the off-market transaction. The firm declined to disclose the names of the buyer or seller.
“There is tremendous demand for well-located and stabilized income-producing shopping centers, especially a trophy retail property of this size,” says Squires. “We expeditiously procured a buyer to purchase the property and close quickly on an all-cash basis. All cash offers with the promise of a quick closing are becoming more prevalent, especially in today's highly competitive environment.”
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