Transwestern Represents Buyer and Seller in Sale of 35 East Willow Street, N.J. Office Building
(FEBRUARY 4, 2013 – PARSIPPANY, N.J.) – Transwestern’s New Jersey office today announced that it brokered the sale of 35 East Willow Street, a 5,800-square-foot office building in Millburn, N.J. for an undisclosed price. The property was purchased by Country Club Services from a confidential seller.
Built in 1969, 35 East Willow Street offers efficient, one-story office space with 30 parking spots. It is located in the Short Hills / Millburn submarket and near South Mountain Reservation, The Mall at Short Hills and the suburban towns of South Orange, Maplewood, Livingston and Summit.
Country Club Services is a New Jersey-based parking and transportation firm that handles special event parking demands for many prestigious clients, including national and state organizations, Fortune 500 corporations, universities and museums.
“Country Club Services searched for three years for the right property as it was challenging to find a building with a smaller footprint yet ample parking,” said Matt McDonough, managing director in Transwestern’s New Jersey office. “This site was ideal since it offered the best set-up and location for its operations. Additionally, it allowed Country Club Services’ move to be as seamless as possible as its previous location is only three blocks away.”
Rick Rizzuto, Transwestern’s vice president, represented the seller in the transaction and McDonough represented the buyer.
Transwestern operates 33 corporate offices across the U.S. and currently leases and manages more than 1,404 properties, representing 283 million square feet of office, industrial and retail space. In 2012, Transwestern completed leasing, sales and finance transactions totaling $6.22 billion.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern.
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