Caldwell, N.J. (June 28, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced it has brokered the sale of a 7,427-square-foot retail building located at 333 Bloomfield Avenue in Caldwell, N.J. to 333 Bloomfield LLC. NAI Hanson’s Joan Cenicola represented the seller, Wells Fargo, in the exclusive listing.
Located in the heart of downtown Caldwell on the corner of Bloomfield and Smull Avenues, the two-story building features 5,107 square feet of retail space on the first floor, 2,320 square feet of office space on the second floor and 2,880 square feet of basement and crawl space. The buyer plans to convert the building to a multi-tenanted space with leasable retail and office space. The property’s location at a lighted intersection in the middle of the Caldwell Business District provides a highly accessible space and a great opportunity for prospective retail and office tenants.
“Originally built as a bank, 333 Bloomfield showcases the opportunities presented by well-located, adaptable spaces in the northern New Jersey market,” said Cenicola. “My experience in this market and with buildings of this type enabled me to market the space properly to attract a qualified buyer. This sale will provide the new owner with a stable cashflow generating asset while bringing new businesses to the Borough of Caldwell.”
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About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 400 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.