The Goldstein Group Arranges Sale of 445 TERRILL ROAD in SCOTCH PLAINS, NJ
PARAMUS, N.J. (FEBRUARY 4, 2013) – President Chuck Lanyard of The Goldstein Group announced the firm has successfully brokered the sale of 445 Terrill Road in Scotch Plains, New Jersey, to Covington Realty Partners for $2.95 million. The seller was RGK Development Inc. which was represented by Vice President Lew Finkelstein and CJ Huter of The Goldstein Group.
The 6,240 s.f. retail building is currently an Advance Auto Parts store and is strategically located in the heart of Scotch Plains. The adjacent half acre of land to the property, which has the development potential of 4,800 s.f., is currently being marketed for sale by The Goldstein Group. Neighboring retailers in the area include Sears, Raymour & Flanigan, Verizon, Subway, Popeyes, Rita’s Ice, Jiffy Lube, and Dunkin’ Donuts.
“We are delighted to have represented the sale of this prime retail site,” said Lanyard. “As we begin to see more and more retail investment properties getting sold at rather strong selling prices, this is a trend we expect to see continue.”
About The Goldstein Group
The Goldstein Group, New Jersey’s leading full-service commercial real estate brokerage firm, specializes in owner representation, retailer representation, investment sales and management services. The firm, founded in 1986, represents over 12,000,000 square feet of retail space and more than 50 national and regional retailers. The Company is the New Jersey member of the Retail Brokers Network. As an RBN affiliate, The Goldstein Group provides clients assistance throughout the United States with qualified retail specialists in over 60 offices nationwide.
For more information on the Retail Brokers Network, visit www.retailbrokersnetwork.com.
For more information, contact Chuck Lanyard, president and director of brokerage services, at 201-703-9700, or visit the Company’s website at www.thegoldsteingroup.com.