NOVEMBER 15, 2016 - CBRE Group Inc. announced Tuesday that it has completed four property sales throughout New Jersey and New York.
The sales totaled more than 70,000 square feet.
Charles Berger and Mark Silverman of CBRE’s New Jersey office, and Elli Klapper of the firm’s Long Island City office, represented the seller in the following transactions:
- The $795,000 sale of 150 Midland Ave., Kearny; 6-unit aparmtnet building;
- The $730,000 sale of 355 Warren Ave., Stirling; 2.3-acre site with two industrial flex buildings;
- The $1.5 million sale of 345-351 Union Blvd., Totowa; 5,000-square-foot retail strip center;
- The $1.9 million sale of 81 Saxon Ave., Bayshore, New York; 13,760-square-foot commercial laundry facility sitting on a 41,820-square-foot property that includes 10 parking lots.
“Our CBRE Investment Properties team continues to be extremely active across all product types in the Tri-State area, as we continue to utilize the extensive CBRE platform to the greatest advantage of our clients,” Berger said in a prepared statement. “Our team was able to facilitate timely closings in each of these transactions, while overcoming a number of challenges, and ultimately satisfying the requirements of both our clients and the respective buyers.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
