Aldrich US Holdings Inc Acquires Retail Property In Chatham For $2.07M

A vacant former bank building located at 434 Main Street in downtown Chatham, NJ has been sold for $2,070,000. The asset spans 5,036 square feet and sits on a 0.46-acre corner parcel, offering Main Street frontage and parking, along with access to key New Jersey commuter routes.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,070,000
• Asset Square Footage: 5,036
• Price Per Square Foot: $411
• Buyer: Aldrich US Holdings Inc
• Seller: 434 Realty Management LLC
• Market: Chatham, NJ
• Brokers: Andrew Schwartz, Jordan Sobel, Andre Balthazard & Daniel Bottiglieri - Cushman & Wakefield

This transaction involved several key individuals representing the parties. Andrew Schwartz, Jordan Sobel, Andre Balthazard, and Daniel Bottiglieri, all from Cushman & Wakefield, were instrumental in facilitating the deal, which positions the property for future repositioning or reuse.