40-25 Fair Lawn Ave. in Fair Lawn — Courtesy: Newmark Associates Commercial Real Estate
By Joshua Burd
A synagogue in Fair Lawn has changed hands for the first time in more than six decades, according to a brokerage team with Newmark Associates Commercial Real Estate.
In a news release, the firm said it represented Temple Beth Sholom in its sale of the 28,000-square-foot building at 40-25 Fair Lawn Ave. An undisclosed organization acquired the house of worship, which sits on some two acres and includes community gathering space and a preschool, in a transaction that Newmark Associates described as unique and complex due to the seller’s longtime ownership.
Mary Swatek, a vice president with the firm, completed the assignment in tandem with the temple’s sale committee, executive committee and board of directors as well as the local community. Jeffrey Herrmann of Cohn Lifland Pearlman Herrmann & Knopf LLC, a board member, provided legal counsel.
