Newmark Associates closes sale of 2,100 sq. ft. Mendham commercial building

Aug 15, 2023 | Deals, Residential & Mixed Use, Retail and Entertainment

23 East Main St. in Mendham — Courtesy: Newmark Associates CRE

By Joshua Burd

The site of a historic mixed-use building in Mendham’s business district has changed hands, in a newly announced deal by Newmark Associates CRE.

According to the firm’s Dennis Giammetta, who brokered the transaction at 23 East Main St., the roughly 2,100-square-foot structure includes ground-floor retail space and a residential area on the second floor. He added that the building, which sits on a half-acre and dates to 1900, is the former home of Mendham Interiors.

The deal involved two private entities. Terms were not disclosed.

“As the community eagerly awaits the unveiling of the property’s future plans, the sale of (23 East Main St.) symbolizes the ongoing growth and vitality of Mendham’s real estate market,” Newmark Associates wrote in a news release. “This transaction showcases the enduring appeal of the area and the promising prospects it holds for businesses and investors alike.”

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Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

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