Marcus & Millichap Arranges $12.2 Million Sale of Shopping Center in Somerset, New Jersey

Somerset, N.J. — Marcus & Millichap has arranged the $12.2 million sale of Shoppes at Pierce Street, a 37,800-square-foot shopping center in Somerset, New Jersey.

The newly developed property consists of three buildings, as well as a standalone Investors Bank pad site. Michael Lombardi and Marc Karlin of Marcus & Millichap’s New Jersey office represented the seller, a private investor, in the transaction. The buyer was undisclosed.