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Mack-Cali Realty Corp. Sells Retail Property On Sylvan Road In Hanover, NJ For $46M

Property Image
SOLD
$46,000,000
Steve Simonelli
Jose Cruz
+ 1

New Jersey

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Retail133,276 SF
Sold 07/07/2020
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Property Image
SOLD

Mack-Cali Realty Corp. Sells Retail Property On Sylvan Road In Hanover, NJ For $46M

34 Sylvan Way, Hanover, Whippany, NJ, USA

See Similar Deals
Retail133,276 SF
Sold 07/07/2020
Steve Simonelli
Jose Cruz
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$345
Total Square Footage:133,276 SF
Transaction Type:Sale

Located in Hanover, NJ, the retail property at 34 Sylvan Road has been sold in a recent transaction. The property, owned by Mack-Cali Realty Corp., was represented by Ricardo Cardoso. The deal was facilitated by JLL Capital Markets, with Jose Cruz, Kevin O'Hearn, Michael Oliver, and Steve Simonelli serving as the brokers.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $46,000,000
  • Square Footage: 133,276 SF
  • Price per Square Foot: $345

The sale of 34 Sylvan Road marks a significant transaction in the retail market. Delving into the details, Mack-Cali Realty Corp. successfully closed the deal with a sale price of $46,000,000. The property spans over 133,276 square feet, resulting in a price per square foot of $345. Representing Mack-Cali Realty Corp., Ricardo Cardoso played a crucial role in the transaction. The brokerage team from JLL Capital Markets, consisting of Jose Cruz, Kevin O'Hearn, Michael Oliver, and Steve Simonelli, exhibited their expertise in facilitating the successful sale.

Players

Jose Cruz
102 deals$7.9B volume(201) 240-7546
BROKER

Steve Simonelli
JLL
64 deals$4.9B volume
BROKER

Michael Oliver
JLL
69 deals$4.3B volume
BROKER

Ricardo Cardoso
Mack-Cali Realty Corp
5 deals$382.3M volume
SELLER

Mack-Cali Realty Corp
SELLER

Details

SOLD
IMAGE: Michael Oliver, Steve Simonelli, Ricardo Cardoso, Kevin O’Hearn & Jose Cruz DATE: 07/07/2021 ADDRESS: 34 Sylvan Road MARKET: Hanover, NJ ASSET TYPE: Retail SELLER: Mack-Cali Realty Corp. - Ricardo Cardoso BROKERS: Jose Cruz, Kevin O’Hearn, Michael Oliver & Steve Simonelli - JLL Capital Markets SALE PRICE: $46,000,000 SF: 133,276 ~ PPSF: $345

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