CBRE COMPLETES SALE OF TWO BANK FACILITIES

UNION COUNTY, N.J. — CB Richard Ellis' Private Client Group (CBRE) has completed the $1.215 million sale of two bank facilities in Union County. One facility, located at 2 North Ave. in Cranford, is a 14,361-square-foot, three-story office facility, which includes a bank on the first floor. The property is zoned as B1 Business and is a landmark building in downtown Cranford. Amenities include elevator service, palladium windows and a recently upgraded façade. The second facility, located at 460 Park Ave. in Scotch Plains, is an 11,319-square-foot, two-story office property, which has a bank on the first floor. The building is located downtown amid restaurants, offices and shopping and offers amenities such as parking and mixed-use office and retail. CBRE's Dean Marchi and Gehane Triarsi represented the seller, Gramercy Capital, in this transaction. A real estate company bought the Cranford bank, and a local buyer purchased the Scotch Plains bank.