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CALDWELL, NJ-Marcus & Millichap Real Estate Investment Services has sold a 6,175-square-foot unnamed retail property here, according to Michael J. Fasano, vice president/regional manager of the firm’s New Jersey office in Elmwood Park. The asset commanded a sales price of $1.25 million.Built in 1965, this shopping neighborhood is a single story multi-tenant infill property.

Seth Pollack, a senior associate in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller, a local retail developer, and senior associate, David Thurston secured and represented the buyer, a local investor, in a 1031 Exchange.

The lawyers on the transaction were Michael Maccarone, Esq., who represented the buyer and Robert David, Esq., who repped the seller.

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