03/30/2018 - Investor to Breathe New Life Into East State Street Property

FOR IMMEDIATE RELEASE

Contact: Alexandra Forrester

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

E-mail: aforrester@richardsoncommercial.com

Investor to Breathe New Life Into East State Street Property

TRENTON, NJ, March 30, 2018 – Richardson Commercial Realtors® is pleased to announce the sale of a 1,600± square-foot retail building on the corner of East State Street and Nottingham Way. Alexandra Forrester, a Realtor Associate with Richardson Commercial, was the listing agent and successfully arranged the transaction on behalf of the seller.

In spite of the property’s excellent location at a busy intersection, the owner lived out of state and the building had been vacant and in disrepair. The site also suffered from environmental issues. Forrester secured a buyer, Kaars Realty, represented by Dan Bogacz of Bonanni Realtors. The investor will take on the cleanup efforts to bring the building back to life.

“We were happy to match this property with an investor who has experience renovating properties with existing environmental issues,” said Forrester.

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.


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