OAKLAND, N.J. – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has secured the exclusive listing for Oakland Crossroads, an 18,330-square foot, three-tenant shopping center in Oakland. Listed at a price of $13.9 million, Oakland Crossings is located in an affluent part of Bergen County.
Steven Siegel, a vice president investments and senior director of Marcus & Millichap’s National Retail Group in Manhattan, is representing the developer.
“Oakland Crossroads is an excellent opportunity for an investor to acquire a brand-new, three-tenant retail property with national credit tenants that is virtually management-free in an affluent Northern New Jersey neighborhood,” says Siegel.
Located on the signalized intersection of Route 202 and Route 208/Interstate 287, the shopping center is situated on 3.7 acres adjacent to a parcel of land that will include a 30,000-square foot office building upon commencement of construction. The office building is not inclu
ded in the Oakland Crossings offering. Currently under construction, Walgreens, Starbucks and Columbia Bank are scheduled to open for business in November or December 2008.
Press Contact: Stacey Corso
Communications Department
(925) 953-1716
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