The deal was brokered by Curtis Nassau and Florian Suserman,along with Chuck Lanyard of the Glen Rock-based Goldstein Group.Attorney Steven Weisfeld of Beattie Padavano of Montvale,represented the buyer, and Scott Klatsky attorney Philip Brodyrepresented the seller.

The sale price was not released, with the parties involveddescribing it only as "a multimillion-dollar sale." An industrysource with knowledge of the transaction tells GlobeSt.com that thebuilding traded for a number "well in excess of $10 million." BuyerSafavieh Inc., a Port Washington, NY-based manufacturer andimporter of carpets, has not indicated the use of its new building,specifically whether it will be utilized as a retail outlet.

"Route 10 is one of New Jersey's strongest retail markets, andit's rare that a retail building like this is available for sale inthis area," Lanyard says. "Safavieh recognized this retailopportunity and moved quickly to purchase the building."