Centerstone Property Group Sells Retail Shopping Center In Matawan For $14.67M

The property asset involved in this transaction is a retail shopping center located at 343 New Jersey Highway 34, Matawan. The sale price for the asset was $14,670,000, and it comprises 61,811 square feet, translating to a price per square foot of $237.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,670,000
• Square Footage: 61,811
• Address: 343 New Jersey Highway 34
• Market: Matawan
• Seller: Russell Nova & Igor Zakh - Centerstone Property Group
• PPSF: $237

Key individuals involved in the transaction include Russell Nova, the Principal at Centerstone Property Group, who expressed satisfaction with the improvement of tenant occupancy to 95% and highlighted the successful renovation plan. Carmella and Oscar were also part of the transaction, playing an important role in the negotiation process.