06/06/2017 - Sale of North Brunswick NNN Investment Property


Contact: Alexandra Forrester

Telephone: (609)-586-1000 ext. 18

E-mail: aforrester@richardsoncommercial.com

Richardson Commercial Arranges Sale of North Brunswick NNN Investment Property

NORTH BRUNSWICK, NJ, June 6, 2017 – At 630 Georges Road in North Brunswick, just north of the intersections of Routes 1 and 130, sits a bustling PNC Bank branch. The two-story, 3,710± square-foot, single-tenant office building was only briefly on the market before an investor purchased it.

Alexandra Forrester, realtor associate at Richardson Commercial Realtors®, represented both the seller, FJW Associates, and the buyer, 630 Georges Rd North Brunswick LLC, in the transaction. The NNN property is leased to PNC Bank through July 2021.

The buyer, a doctor and avid real estate investor, currently owns several triple-net lease investment properties including those leased to AT&T and Dollar General.

“The well-maintained bank building is in an excellent location and with a little over four years left on PNC’s lease, the NNN property is a valuable addition to the buyer’s portfolio,” said Alexandra Forrester. “The transaction went smoothly and I’m happy to add to Richardson’s successful track record.”

A division of one of the Delaware Valley’s premier full-service commercial real estate, appraisal and property management firms, Richardson Commercial prides itself in combining education, marketing savvy, seasoned counsel and an in-depth knowledge of the Central Jersey market to successfully sell properties and help clients reach their investment goals. The Richardson Commercial umbrella also includes the Richardson Management Group and Lexington Appraisal Group. For more information, please visit richardsoncommercial.com.