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Marcus & Millichap arranges $8.5M sale of shopping center

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Real estate investment services firm Marcus & Millichap announced the sale of 510 Valley Road — a 43,13-square foot A&P-anchored shopping center in the Upper Montclair section of Montclair — in an $8.5 million deal.

The property was fully occupied at the time of sale, according to an announcement Monday. Tenants include a Chinese restaurant, a ReMax real estate office and a school for children. The center was purchased all cash.

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