56-64 Broad St. in Elizabeth — Courtesy: KenKap Realty Corp.
By Joshua Burd
A buyer has paid $3.7 million for a 37,000-square-foot mixed-use property in Elizabeth, under a newly completed transaction by KenKap Realty Corp.
In a news release, the brokerage firm said Broad Holdings LLC now plans to redevelop the upper floors of the buildings at 56-64 Broad St. The property also includes three ground-floor retail units that are home to a Dollar Tree, a Bank of America ATM and a LuLu clothing store.
Kenneth Kaplan of KenKap represented both the seller, Broad Street Newco LLC, and the buyer.