Bolla Oil Acquires Retail Property In Newark For $5.6M

Bolla Oil has acquired a retail property located at 1400 McCarter Highway in Newark. The transaction was facilitated by Clem Cesare & Taylor Trepinski from Invest Commercial on behalf of Bolla Oil and BLS Properties LLC. The property spans 49,222 square feet, with a sale price of $5,600,000, resulting in a price per square foot of $114.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,600,000
• Date: February 15, 2022
• Address: 1400 McCarter Highway, Newark
• Market: Newark

Clem Cesare & Taylor Trepinski from Invest Commercial acted as brokers in the deal, representing Bolla Oil and BLS Properties LLC. This transaction showcases the active commercial real estate market in Newark and highlights the continued investment in retail properties within the city.