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NORTHFIELD, NJ-The Executive Plaza, a two-story, 31,000-sf office building at 2111 New Rd., has been sold for $5.8 million. The building traded between two local investors for $187 per sf.

“The transaction was arranged by Mark Donnelly of our firm,” says Ray Smith, president of Stafford Smith Realty of Shrewsbury, NJ. “He acted as sole broker in the transaction. We successfully assisted the buyer, Olivia, Vincent, in completing a 1031 exchange.”

The asset, located in South Jersey’s Atlantic County between Atlantic City and Ocean City, has the US Drug Enforcement Administration as its major tenant, occupying 6,600 sf. A total of nearly 17,000 sf is occupied by four local law firms: Petro Cohen Petro; O’Brien, Belland & Bushinsky; Weiss & Paarz; and McAllister Hyberg.

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