CBRE Brokers Sell Franklin Commons Retail Property In Shrewsbury For $2.3M

The retail property at 691 Broad St in Shrewsbury, NJ, 07702, known as Franklin Commons, was sold for $2.3 million. The property spans 14,713 square feet and is situated in the Shrewsbury market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,300,000.00
• Seller's Representative: Nat Gambuzza (Berkadia), Steve Mariani (CBRE), Steven Winters (Ripco)
• Buyer: Unknown
• Square Footage: 14,713 sq ft
• Address: 691 Broad St, Shrewsbury, NJ, 07702
• Market: Shrewsbury

Nat Gambuzza and Steve Mariani of CBRE, along with assistance from Steve Winters, represented the seller of Franklin Commons in Shrewsbury. The property was part of a larger set of transactions totaling $6.2 million, where the CBRE team successfully found buyers for previously stagnant properties. In addition to this sale, they were also involved in other significant transactions in various locations, showcasing their expertise in the real estate market.