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Woodland Park, N.J. — Encore Real Estate Investment Services has arranged the $12 million sale of a property net-leased to Best Buy in Woodland Park.
The corporate-backed lease had four years remaining at the time of sale with three, five-year extension options. Michael Gaggo, Brandon Hanna, Ryan Vinco and Deno Bistolarides of Encore represented both the buyer, a Midwest based investment fund, and the seller, a California-based investment fund.