S.G. Cho Purchases Washington Bridge Plaza Retail In Fort Lee For $37 Million

The property asset involved in this transaction is a retail space located at 2151 Lemoine Avenue in the Fort Lee market. The sale price for the asset was $37,000,000, encompassing a total square footage of 47,481, which equates to a price per square foot of $779.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $37,000,000
• Address: 2151 Lemoine Avenue
• Market: Fort Lee
• Square Footage: 47,481
• Price per Square Foot: $779
• Buyer: S.G. Cho
• Buyer’s Representative: CJ Huter, Marc Palestina & Lew Finkelstein - The Goldstein Group
• Seller’s Representative: Bruce Herman - Booth Street

The key individuals involved in this deal include the buyer S.G. Cho, represented by CJ Huter, Marc Palestina, and Lew Finkelstein from The Goldstein Group. On the seller's side, Bruce Herman represented the transaction through Booth Street. It is noteworthy that CJ, Lew, and Marc are enthusiastic about the sale of Washington Bridge Plaza, facilitated as part of their client's 1031 Exchange.