664 Pompton Ave in Cedar Grove — Courtesy: Marcus & Millichap
By Joshua Burd
A developer has sold a 4,200-square-foot net-leased bank property in Cedar Grove as part of a $5 million deal brokered by Marcus & Millichap’s northern New Jersey office.
Brian C. Hosey, regional manager of the office, said the firm represented the seller and secured the buyer of the property, which is occupied by Chase Bank and sits at 664 Pompton Ave. The same team of Alan Cafiero, David Cafiero and Ben Sgambati, investment specialists in Marcus & Millichap’s New Jersey office, also secured and represented the buyer.
The property was built in 2011, the firm said in a news release. It sits at the highly trafficked intersection of Pompton Avenue, Myrtle Avenue and Young Avenue in the Essex County township.
