Newmark Brokers Sell Retail Property In Paterson For $34M

Located at 75 McLean Blvd in Paterson, this retail property was recently sold in a closed transaction on November 13, 2020. The property spans approximately 120,000 square feet with a price per square foot value of $283. The total sale price for the property was $34,000,000. Newmark represented the parties involved in the transaction, including Steven Schultz, Matt Berres, and Samer Khalil.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $34,000,000
• SF: 120,000
• PPSF: $283
• Address: 75 McLean Blvd
• Market: Paterson
• Brokers: Steven Schultz, Matt Berres, & Samer Khalil - Newmark

The deal's key individuals and companies involved in this transaction are Steven Schultz, Matt Berres, and Samer Khalil from Newmark. Their expertise and representation played a crucial role in facilitating the sale of this retail property at 75 McLean Blvd in Paterson.