Cushman & Wakefield Arranges Sale Of River Edge Town Mall For $3.2M

Cushman & Wakefield has arranged the sale of River Edge Town Mall, a retail property located at 625 Kinderkamack Road in the market of River Edge. This property spans across 1.54 acres and offers a total of 21,537 square feet of space. The transaction took place on January 12, 2024.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $3,200,000
• Address: 625 Kinderkamack Road
• Market: River Edge
• Size: 1.54 acres

The seller of this property is Kamack Associates LLC. Representing both parties in the deal were Andre Balthazard, Andrew Schwartz, Daniel Bottiglieri, and Jordan Sobel from Cushman & Wakefield. The sale price for River Edge Town Mall was $3.2 million, translating to an average price per square foot of $149. According to Jordan Sobel, the strategic location in Bergen County, the e-commerce-resilient tenant mix, and the high-income, densely populated area make this investment opportunity highly lucrative.