By Joshua Burd
Two New Jersey-based brokers with Marcus & Millichap have kept busy in recent months, executing deals with a total value of more than $30 million threshold since Labor Day.
The brokerage firm announced that Alan Cafiero and Ben Sgambati, vice presidents for investment in the firm’s New Jersey office, have closed 10 deals in that time. The tram focuses on multitenant retail and single-tenant triple net leased deals, according to a news release.
The deals include the following:
- Advance Auto Parts, Trenton: $1.9 million
- Dunkin’ Donuts, Montclair: $1.7 million
- Tractor Supply, Albany: $5.86 million
- Beverwyck Plaza shopping strip, Parsippany: $4.5 million
- Kiddie Academy, West Caldwell: $3.5 million
- Lakeland Bank, North Haledon: $1.67 million
- Lightbridge Academy, Fair Lawn: $3.44 million
- New Horizons in Autism, Toms River: $2.15 million
- Burger King, Whiteville, North Carolina: $1.42 million
- Red Lobster, Oakhurst: $4.64 million
Sgambati noted that the portfolio includes both retail and industrial properties.
“We believe ourselves to be a highly competent resource to our clients and one of our best endorsements is the number of repeat clients that make use of our services,” Cafiero said in a prepared statement. “They welcome all types of inquiries and would be pleased to provide a marketplace opinion of value at no cost to owners.”