Private Investor Acquires Fully Leased Retail Center In Readington New Jersey For $2.775M

A private investor acquired a fully leased retail center at 651 Highway 22, Readington, NJ for $2.775 million. The property encompasses 11,800 square feet, translating to a price per square foot of $235.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,775,000
• Square Footage: 11,800
• Price per Square Foot: $235
• Seller: 651 Route 22 East LLC
• Market: Readington, NJ

Cushman & Wakefield’s brokers, Andy Schwartz, Jordan Sobel, André Balthazard, and Dan Bottiglieri, represented the seller, 651 Route 22 East LLC, in this transaction, which attracted significant investor interest due to the property's full occupancy and key highway location.