1751 Route 10 in Morris Plains — Courtesy: The Goldstein Group
By Joshua Burd
The former home of a baby furniture store in Morris County has changed hands, in one of several newly announced deals by The Goldstein Group.
In a news release, the brokerage firm said it represented Daniel-10 Associates in its sale of the former Crib World building at 1751 Route 10 in Morris Plains. A buyer listed as Be Real LLC purchased the 6,600-square-foot property, which is less than a mile from Route 202.
The Goldstein Group President completed the assignment on behalf of the seller, while
Trevor Patterson of Newmark represented the buyer.
“We are seeing a considerable number of landlords in New Jersey now opting to sell their retail properties for the first time,” Lanyard said. “Due to the strong prices that are presently being achieved for prime locations, we are working with numerous retailers and investors in purchasing properties. They also recognize the advantage of buying now, while interest rates are still low.”
The Goldstein Group also completed the sale of several other properties, including:
- 1076-1080 Saint Georges Ave. in the Avenel section of Woodbridge, the site of a 2,700-square-foot former Pizza Time store. The Goldstein Group Director Chris Conway represented both the seller, 1076 St. Georges LLC, and the buyer, New Bergenline LLC, which will bring an eatery known as Crab Du Jour to the space.
- 6 Main St. in Clifton, the 2,800-square-foot former home of a Valley Bank branch. Lanyard and The Goldstein Group Director Marc Palestina represented the seller, Rabinowitz & Rabinowitz, while Eric Bogovich of Weichert Realtors represented the buyer, Dr. Adam Rauzman.
- 3962 Route 1 in South Brunswick, the site of a vacant parcel approved for a hotel. The Goldstein Group Principal Neil Goldstein and Executive Vice President Mark Handwerker represented the seller, Water Tower Plaza LLC, while Bill Lenaz of Jeffery Realty represented the buyer, Ryenne LLC.
- 211-215 West Front St. in Plainfield, a 25,000-square-foot shopping center: Handwerker represented the seller, AST Park Madison Urban Renewal LLC, and the buyer, West Front Park Urban Renewal LLC.
- 720-724 Main St. in Hackensack, a 13,000-square-foot strip center. Palestina and Lanyard represented both the seller, SIBS LLC, and the buyer, Cornerstone Capital Investment Hackensack LLC.
- 380 Route 17 in Upper Saddle River, the site of a 2,532-square-foot former liquor store. The Goldstein Group Executive Vice President Lew Finkelstein, Vice President CJ Huter and Conway represented the seller, Upper SR Land LLC, while Pinches Lichtman of PL Realty represented the buyer, HRW Equity Holdings.
