Milbrook Properties Acquires Retail Property In West Caldwell For $47M

Located at 875 Bloomfield Ave in West Caldwell, this retail property was recently sold in a closed transaction. The property spans across 189,773 square feet and was purchased by Milbrook Properties from Stop & Shop & Goodrich Management. The deal was facilitated by Jeffrey Dunne, David Gavin, Jeremy Neuer, Steve Bardsley, and Travis Langer from CBRE. The sale price for the property was $47,000,000, resulting in a price per square foot of $248.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $47,000,000
• Address: 875 Bloomfield Ave
• Market: West Caldwell

The transaction involved the buyer, Milbrook Properties, and the seller, Stop & Shop & Goodrich Management. Representing Milbrook Properties during the deal were Jeffrey Dunne, David Gavin, Jeremy Neuer, Steve Bardsley, and Travis Langer from CBRE.