Friday, February 17, 2017

HFF closes sale of retail building in downtown New Brunswick, NJ

37 Easton Avenue, Downtown New Brunswick, NJ

Marc Duval
FLORHAM PARK, NJ – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of an 18,000-square-foot vacant retail building located at 37 Easton Avenue in downtown New Brunswick, New Jersey.

HFF marketed the property on behalf of the seller.  Saxum Real Estate purchased the asset with seller financing. 

Completed in 2009, the vacant two-story building can be reconfigured to multi-tenant retail, office or residential space.  

The property is in the heart of downtown New Brunswick and  flanked by Rutgers University to its north; healthcare facilities, including Robert Wood Johnson Hospital, to the west; New Brunswick Station, one of New Jersey’s major train stations, to the east; and new residential development to the south. 

The HFF investment sales team that represented the seller was led by associate director Marc Duval, senior managing director Jose Cruz, managing director Kevin O’Hearn and directors Michael Oliver and Stephen Simonelli.

“There continues to be an active pool of investors chasing assets in suburban downtowns,” Duval said. “Investors are willing to be aggressive buying assets where they can make significant improvements to reposition an asset and raise rents.”

 For a complete copy of the company’s release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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