Westfield Mixed-Use Property Sells for $5.9 Million

WESTFIELD, NJ — A mixed-use property at 219-225 E. Broad St. in Westfield has sold for $5.9 million, according to Marcus & Millichap.

The commercial real estate brokerage firm said the building is in Westfield's downtown area and was marketed on behalf of the seller by brokers from its New Jersey office.

Marcus & Millichap identified the property as a two-story, 13,006-square-foot building on a 0.26-acre lot.

The firm said the building has five suites, was renovated in 1995 and is fully occupied.

Tenants include Sweetgreen, Club Pilates, Fred Astair Dance Studio, GamifyU and Exploratores.

"This transaction reflects the continued demand for well-located mixed-use assets in New Jersey’s strongest downtown markets," said Alan Cafiero, executive managing director investments in Marcus & Millichap's New Jersey office. "Westfield’s combination of high-quality demographics, strong retail fundamentals and direct rail access to New York City continues to attract investors looking for long-term stability and value."

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