NEWMARK SELLS PLAZA AT MOUNTAIN LAKES
Mountain Lakes NJ – June 14, 2023, Newmark Associates, a well-respected real estate firm specializing in commercial properties, announces the sale of a shopping center known as The Plaza at Mountain Lakes.
The Plaza at Mountain Lakes, a retail and office property consisting of approximately 12,000 sf boasts a prime location offering residents and visitors unparalleled convenience. Situated within walking distance of the train station, the property enjoys prime accessibility attracting a steady flow of foot traffic. The property includes a liquor store, home schooling space, a dental practice, and several office tenants.
Jeannette Melillo, a seasoned professional at Newmark Associates was responsible for the sale of the property, playing a pivotal role in the completion of this transaction.
Melillo’s expertise provided her client with an accurate assessment of the property to help guide the decision-making process. Her knowledge of the area ensured her clients were apprised of the most recent market trends.
“Our team at Newmark Associates is thrilled to have been part of this successful transaction” said Susanne Newmark, president of Newmark Associates. “The Plaza at Mountain Lakes is an exceptional property, and we are confident that the new investor will continue to realize the property’s potential.
Newmark Associates, CRE, located in Cedar Knolls, New Jersey, is certified as a woman-owned business by the Women’s Business Enterprise National Council, and is an affiliate of CRESDA (Commercial Real Estate Supplier Diversity Alliance), servicing the supplier diversity requirements of Fortune 100 companies across the country. Celebrating more than 35 years in the commercial real estate industry as one of the top brokerage companies in the state, Newmark Associates has been recognized repeatedly with awards by both NJBIZ magazine, and the CoStar Commercial Real Estate organization. Newmark specializes in lease and sales transactions of office, industrial, retail, land, healthcare, and mixed-use properties.