Press Releases
Marcus & Millichap Closes $5.8 Million Sale of Retail Property in Middletown New Jersey
January 29, 2025
MIDDLETON TOWNSHIP, N.J., Jan 29, 2025 – 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 a 29,411-square-foot retail center located at 1835 NJ-35 in Middletown Township, New Jersey, for $5.8 million.
“Service oriented strip centers with smaller footprint stores are commanding significant interest from the investment community,” said Alan Cafiero, senior managing director investments. “That, combined with a recently renovated building with great visibility along one of New Jersey’s most trafficked highways, made this a highly coveted asset.”
Cafiero, Brent Hyldahl and Seth Goldberg, investment specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The recently renovated retail center, anchored by Benjamin Moore Paints, is situated on 1.94 acres along the busy Route 35 corridor, which sees more than 35,000 vehicles daily. The property includes 10 tenants and is located near major retailers such as Target, ShopRite, and TJ Maxx, with convenient access to Route 36 and the Garden State Parkway.
“Service oriented strip centers with smaller footprint stores are commanding significant interest from the investment community,” said Alan Cafiero, senior managing director investments. “That, combined with a recently renovated building with great visibility along one of New Jersey’s most trafficked highways, made this a highly coveted asset.”
Cafiero, Brent Hyldahl and Seth Goldberg, investment specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The recently renovated retail center, anchored by Benjamin Moore Paints, is situated on 1.94 acres along the busy Route 35 corridor, which sees more than 35,000 vehicles daily. The property includes 10 tenants and is located near major retailers such as Target, ShopRite, and TJ Maxx, with convenient access to Route 36 and the Garden State Parkway.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
