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HFF sells Red Bank mixed-use property

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2-10 Broad St., Red Bank.
2-10 Broad St., Red Bank. - ()

HFF announced Tuesday the sale of a 27,033-square-foot mixed-use property in Red Bank to Saxum Real Estate.

HFF marketed the property on behalf of the seller, Broad Street Realty Association.

The three-story building is situated at the corner of Broad and Front streets in downtown Red Bank and includes ground-floor retail fully leased to Urban Outfitters and upper-floor boutique office space. 

The HFF investment advisory team representing the seller includes Director Marc Duval, Senior Managing Directors Jose Cruz and Chris Munley, and Senior Director Stephen Simonelli.

“We continue to see investors targeting amenity-rich markets that are transit friendly and within close reach of urban areas that will be attractive to millennials,” Duval said.

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Elana Knopp

Elana Knopp

Elana Knopp covers all things real estate for NJBIZ. You can contact her at eknopp@njbiz.com.

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