BAYVILLE, NJ-Morgan Real Estate, Inc. has negotiated the sale ofa freestanding drugstore of Walgreens. Bayville Triess, LLC haspurchased the Walgreens drugstore situated at the northwest cornerof Route 9 and Korman Road in Bayville, NJ.
Marabella Commercial Finance and Morgan Real Estate helpedBayville Triess in obtaining a CMBS non-recourse loan of $4.6million. MRE's Greg Woulfe and George Morgan, Jr. represented thebuyer in the deal. For the full story, go to Florida Real EstateJournal.
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