Marcus & Millichap Arranges The Sale Of A 7-Acre Land Site in Jackson Township, NJ
Jackson Township, NJ, September 14, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Cooks Bridge Plaza, a 7-acre land site located in Jackson Township, NJ, according to James McGuckin, regional manager of the firm’s New Jersey office. The asset sold for $2,700,000.
Alan Cafiero, Ben Sgambati and David Cafiero, investment specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Cooks Bridge Plaza is located at 680 Bennetts Mills Rd in Jackson Township, NJ. The property is located at a hard corner intersection across from Hackensack Meridian Health. “Signalized intersections in New Jersey are very difficult to find for development. Considering this property has seven buildable acres at a signalized corner, there was significant interest and sold at asking price” says Alan Cafiero.
# # #
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.