KISLAK BROKERS $2.27 MILLION OFFICE SALE

by admin

KEYPORT, N.J. — Woodbridge, N.J.-based The Kislak Company has brokered the sale of Keyport Plaza, a two-building office complex located at 25 E. Front St. in Keyport, for $2.27 million. Situated on 1.5 acres, the property contains a total of 21,000 square feet of Class A space; it was fully occupied at the time of closing. Kislak’s Joe DeFeo represented the seller, a New Jersey-based developer and investor, and Barry Waisbrod, also of Kislak, represented the buyer, First Property Management Solutions. The property traded at a 9 percent capitalization rate.

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