536-544 Washington LLC Acquires Former Proponent Federal Credit Union Headquarters In Nutley For $2M

The property involved in this transaction is an office asset located at 536 Washington Avenue in Nutley, New Jersey. The site encompasses 1.53 acres and includes over 30,000 square feet of vacant office space. The sale price of the property was $2 million, and it was marketed as a redevelopment or repositioning opportunity due to its proximity to Route 3 and major northern New Jersey employment centers.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,000,000
• Buyer: 536-544 Washington LLC
• Seller: Proponent Federal Credit Union
• Market: Nutley, NJ
• Brokers: Andrew Schwartz, Jordan Sobel, Andre Balthazard, Daniel Bottiglieri & Joshua Cohen - Cushman & Wakefield

In this deal, 536-544 Washington LLC acquired the property from Proponent Federal Credit Union. The brokers representing this transaction were Andrew Schwartz, Jordan Sobel, Andre Balthazard, Daniel Bottiglieri, and Joshua Cohen from Cushman & Wakefield, responsible for facilitating the sale.