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Transit-Oriented Mixed-Use Changes Hands in Westfield
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Transit-Oriented Mixed-Use Changes Hands in Westfield
Marcus & Millichap arranged the sale of a fully occupied, 10,369-square-foot mixed-use property at 1 Elm St. in Westfield, NJ. The asset sold for $5 million. “Investment in transit-oriented assets in premier New Jersey downtowns remains robust,” said Alan Cafiero, senior managing director investments in Marcus & Millichap’s New Jersey office. “The combination of a trophy location adjacent to a train station and predictable cash flow made this a…
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