REBusinessOnline

MARCUS & MILLICHAP BROKERS $1.5 MILLION RETAIL SALE

BERLIN, N.J. — Marcus & Millichap has brokered the sale of Cherry Plaza Shopping Center, a 19,425-square-foot neighborhood retail property located in Berlin, for $1.5 million. The center is situated at the intersection of Route 73 and Berlin Circle and was 73 percent occupied at the time of closing. Christopher Munley, Dean Zang and Mark Taylor of Marcus & Millichap’s Philadelphia office represented both parties in the transaction. The seller was New Jersey-based The Joseph Gulli, Blair Parking & Anthony Gulli Partnership. The buyer was Cherry Plaza LLC, a local construction company owner.

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