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Marcus & Millichap arranges $2.9M sale of retail property

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Commercial real estate firm Marcus & Millichap, with an office in Elmwood Park, announced Tuesday it arranged the sale of a 13,082-square-foot retail space at 1392 St. Georges Ave., in the Avenel section of Woodbridge.

According to the announcement, the Family Dollar & Mosaic Spa sold for $2.9 million. Michael Lombardi, a senior associate in Marcus & Millichap's New Jersey office, had the exclusive listing to market the property on behalf of the seller, a developer. Lombardi also represented the buyer, a private investor.

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