Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Sells Mixed-Use Building In Fair Lawn

07/31/2014

Radburn Plaza, a mixed-use building located at 14-01 Plaza Road between Fair Lawn Avenue and High Street in the heart of the historic Radburn section of Fair Lawn, NJ, was recently sold for $8,000,000.

The three-story office and retail building contains approximately 37,000 square feet and consists of 21 units.

The property is on the New Jersey and National Register of Historic Places and it is within walking distance of local restaurants, shops, banks, and the Radburn train station. It is also in close proximity to Route 208, providing connectivity to Routes 4 and 17, Garden State Parkway, and Interstate 287.

“This property is a landmark building in the Radburn district and it received tremendous interest and multiple offers during our marketing process.  We found a qualified buyer in a short period of time who closed quickly and met the seller’s expectations,” said Massey Knakal’s Seth Pollack, who exclusively represented the owner in this transaction. “The activity was an indication of the strength of the Bergen county market for well-located, well-occupied mixed-use properties,” he added.

Massey Knakal is a diversified real estate company, exclusively representing owners in the sale, retail lease and financing of their properties. With over 150 employees, four offices and thorough coverage of the five boroughs of New York City, Westchester County, Long Island and New Jersey, Massey Knakal dominates the New York metropolitan area's property transaction marketplace.  For over two decades, Massey Knakal has focused on building strong relationships within the neighborhoods we represent and developing an extensive database of customers that includes all of the major investors, institutions, agencies and individuals that are active in real estate in the area. Our dedication to neighborhood knowledge and relationship building is a source of continuing pride and success for Massey Knakal, and through our Territory System™, our agents have partnered with owners throughout the city to close over 4,700 transactions, with an aggregate value in excess of $19 billion since 1988.

www.masseyknakal.com

07/31/2014 - 15:22

Source

Cushman & Wakefield Capital Markets Group New York

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