2702 Route 22 in Union Township — Courtesy: Marcus & Millichap
By Joshua Burd
An investor has acquired the site of a nearly 4,900-square-foot retail building on Route 22 in Union Township, in a newly announced deal by Marcus & Millichap.
The buyer, Greg Jemal, paid $3.545 million for the property, which is net-leased to The Vitamin Shoppe, according to a news release. Brokers noted that the 4,859-square-foot store at 2702 Route 22 sits on a center island on the highway, providing frontage on both the eastbound and westbound lanes.
Marcus & Millichap’s Alan Cafiero, David Cafiero and Dean Matuszewicz represented the seller, the Klein Group LLC, and secured the buyer.
“Net-leased assets along major retail corridors in northern New Jersey continue to be in high demand,” said Alan Cafiero, senior managing director of investments. “The Vitamin Shoppe is located on one of the most highly sought-after stretches of commercial highway in New Jersey, Center Island, Route 22.”
