Marcus & Millichap Closes $46 Million Retail and Office Portfolio Sale with Horizon Equities
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Friday, January 20, 2023
Retail, Convenience Store, Commercial Building & Real Estate, Specialty, Construction & Property, REIT, Garden State Parkway, Social, Social Security, Provident Bank, NYSE, MMI, Cafiero, IPA, New Jersey Route 37, Garden, Marcus & Millichap, Research, PNC Financial Services, RWJBarnabas Health, Sale, Acquisition, U.S. Route 9, Wells Fargo, Commercial property, Horizon, Holiday City – Silver Ridge Park, Central Jersey, Brick
“Part of the portfolio is located in Holiday City, an area of Toms River catering to a large population of senior citizens.
Key Points:
- “Part of the portfolio is located in Holiday City, an area of Toms River catering to a large population of senior citizens.
- “Although Horizon Equities is a national firm, we started in New Jersey and have 82 years of family history here,” said Joe Kotler, founder and managing partner of Horizon.
- There are five multi-tenant retail properties, two medical offices, two single-tenant net-leased properties, and a property for redevelopment.
- The property for redevelopment is a 2,000-square-foot former PNC Bank with a double drive-through and 17 parking spaces.