TD Bank Sells Two Vacant Retail Properties In Monmouth County For $4.3 Million

Two vacant former branch buildings were sold by TD Bank, located at 670-672 South Laurel Avenue and 555 Warren Avenue in Holmdel and Spring Lake, respectively. The total sale price for the properties was $4,300,000, with the Holmdel location consisting of 3,970 square feet and sold for $2 million, while the Spring Lake Heights site included 3,750 square feet and fetched $2.3 million.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,300,000
• Address: 670-672 South Laurel Avenue & 555 Warren Avenue
• Market: Holmdel & Spring Lake
• Square Footage: 7,720
• Price Per Square Foot: $557
• Seller: Scott Wishna - TD Bank
• Brokers: Mike Horne & Steven Winters - Ripco

The transaction was facilitated by Ripco Real Estate, which arranged the sales as part of TD's strategic shift toward smaller, more efficient retail banking footprints. The identities of the buyers were not disclosed in the transaction.