Marcus & Millichap announced the sale of Village Green Shopping Center, a 57,816-square foot retail property located in East Brunswick, New Jersey, according to James McGuckin, regional manager of the firm’s New Jersey office. The asset sold for $14 million.
Alan Cafiero, Brent Hyldahl and Ben Sgambati, investment specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The Cafiero Group also secured the buyer, a limited liability company.
“The investor pool for stabilized shopping centers in New Jersey along main state retail corridors remains strong,” Cafiero said. “We had multiple offers on this high-quality asset which was well positioned amongst highly trafficked Route 18 in East Brunswick, New Jersey.”
