Marcus & Millichap recently arranged the sale of this retail property in Martinsville. — Courtesy: Marcus & Millichap
By Joshua Burd
A retail center in Bridgewater has a new owner after a nearly $3.5 million investment sale arranged by Marcus & Millichap, the investment sales brokerage announced Monday.
The firm said the property, located on Washington Valley Road in the township’s Martinsville section, has 15,103 square feet of space. Michael Lombardi, vice president of investments, and Joseph Cunder in Marcus & Millichap’s New Jersey office, marketed the property exclusively on behalf of the seller, a private investor.
The team also secured and represented the buyer, which was also a private investor, according to a news release.
“The asset commanded multiple bids in a short time frame as we are continuing to see strong demand for suburban strip centers,” Lombardi said in a prepared statement.
