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| 37 Easton Avenue, Downtown New Brunswick, NJ |
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| 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 | www.hfflp.com
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