Brook's Edge Plaza In Marlboro Sells For $15.9M With JLL Capital Markets Representing Seller And Buyer

Brook’s Edge Plaza, a 70,274-square-foot retail property located at 71-91 South Main Street in Marlboro, recently sold for $15.9 million. The sale was facilitated by JLL Capital Markets, with JB Bruno, Jose Cruz, Kevin O’Hearn, and Shaelyn Nuckel representing the seller, First Montgomery Group, and procuring the buyer. Situated in Monmouth County, the plaza boasts a strategic location along Route 79. Anchored by essential retailers such as Asian Food Market and Jersey Strong Gym, it serves as a prominent shopping center in the area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,900,000
• Address: 71-91 South Main Street
• Market: Marlboro
• Square Footage: 70,274
• Price Per Square Foot: $226
• Seller: Rich Haydinger Jr - First Montgomery Group
• Brokers: JB Bruno, Jose Cruz, Kevin O’Hearn, and Shaelyn Nuckel - JLL

JLL Capital Markets played a pivotal role in this transaction, ensuring a successful sale of Brook’s Edge Plaza. Thanks to its strategic location and essential retail anchors, this shopping center in Marlboro attracted the attention of interested buyers. Through their diligent efforts, JB Bruno, Jose Cruz, Kevin O’Hearn, and Shaelyn Nuckel of JLL provided excellent representation for both the seller, First Montgomery Group, and the buyer, resulting in a mutually beneficial deal.