Marcus & Millichap announced the sale of a CVS Pharmacy in Vernon for $9.75 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office. Michael Lombardi, vice president of investments at the New Jersey office, secured and represented the private investor who bought the 13,225-square-foot property.
Terreno Acquires Property Near Newark Airport
Terreno Realty Corporation, which owns and operates industrial properties, has purchased a land parcel in Elizabeth for about $9.3 million, it said last week. Terreno, based in San Francisco, said the improved property consists of about 4.5 acres of paved land at 901 North Ave., adjacent to Newark Liberty International Airport, Exit 13A of the New Jersey Turnpike and U.S. Routes 1&9. The property is 100 percent leased to one tenant, Terreno said.
Prestige Vehicle Buys Ramsey Building for $16M
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