Marcus & Millichap Negotiates $5.9M Sale of Shopping Center in Northfield, New Jersey

by Amy Works

NORTHFIELD, N.J. — Marcus & Millichap has brokered the sale of Island Gym Plaza, a shopping center located at 801 Tilton Road in Northfield. An undisclosed buyer acquired the 48,536-square-foot property for $5.9 million. At the time of sale, the property was 95 percent occupied. Derrick Dougherty of Marcus & Millichap, in collaboration with DSM Commercial Real Estate Services, represented the undisclosed seller, while Shannon Bona of Marcus & Millichap represented the buyer in the deal. J.D. Parker was the Marcus & Millichap broker of record in New Jersey.

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