A standalone former bank building in Metuchen and a second-floor office condominium in Flemington, both in New Jersey, have changed hands, signaling continued strength in New Jersey’s suburban commercial corridors. The transactions were arranged by Marc Shein, executive vice president of NAI DiLeo-Bram & Co. (NAIDB), who represented ownership in marketing the office assets for sale.
The transactions underscore activity in small-to-mid-sized office investment properties within Central New Jersey. In particular, neighborhood assets providing high visibility and seamless connectivity to local transit networks and retail corridors continue to perform exceptionally well, catching the attention of both private investors and healthcare occupiers.
“These properties were ideal for users-purchasers, a sector that remains active. Boutique retail and office properties are experiencing highly localized, resilient demand,” said Shein. “Both properties are well-located, within or near dynamic community hubs.”
In Middlesex County, Shein brokered the sale of 36 Middlesex Ave. in Metuchen to an unnamed private investor. The vacant former Wells Fargo bank branch features a bright, all-glass front facade, a partial basement and an expansive dedicated parking lot. Located in the borough’s versatile G2 Gateway Zone at the North Edison border, the property offers high exposure along a premier highway corridor.
Under the local zoning framework, permitted uses appeal to financial institutions, traditional offices and medical practices, while the municipality has indicated openness to adaptive cafe or restaurant reuses via standard variance procedures.
The Metuchen property boasts premier transit-oriented positioning, situated just minutes from both the Metuchen and Metro Park train stations, as well as major regional thoroughfares, the Menlo Park Mall and Hackensack Meridian Health JFK University Medical Center. The transaction provides the new ownership with a prominent, turnkey footprint.
Further west in Hunterdon County, Shein finalized the sale of a second-floor office condominium unit at 4 Walter E. Foran Boulevard in Flemington. The property was acquired by an expanding local orthodontist practice. The acquisition highlights a persistent trend among health and wellness practitioners prioritizing regional medical-office buildings with ample parking, direct highway accessibility and close proximity to core residential neighborhoods.
