Marcus & Millichap Inc.
08/25/2026 | Press release | Archived content
Marcus & Millichap Arranges $5.9M Sale of Mixed-Use Property in Westfield, New Jersey
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Marcus & Millichap Arranges $5.9M Sale of Mixed-Use Property in Westfield, New Jersey
August 25, 2026
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WESTFIELD, N.J., Aug. 25, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 219-225 E. Broad St., a mixed-use property in Westfield, New Jersey. The asset sold for $5.9 million.
"This transaction reflects the continued demand for well-located mixed-use assets in New Jersey's strongest downtown markets," said Alan Cafiero, executive managing director investments in Marcus & Millichap's New Jersey office. "Westfield's combination of high-quality demographics, strong retail fundamentals and direct rail access to New York City continues to attract investors looking for long-term stability and value."
Cafiero, David Cafiero and Damien Rance of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
The property is a two-story, 13,006-square-foot building on a 0.26-acre lot. It has five suites and was renovated in 1995. The property is fully occupied by Sweetgreen, Club Pilates, Fred Astair Dance Studio, GamifyU and Exploratores.
The property is surrounded by retailers, restaurants, offices and residential communities. It is within walking distance of the Westfield Train Station and close to State Routes 28, 22 and the Garden State Parkway.
"This transaction reflects the continued demand for well-located mixed-use assets in New Jersey's strongest downtown markets," said Alan Cafiero, executive managing director investments in Marcus & Millichap's New Jersey office. "Westfield's combination of high-quality demographics, strong retail fundamentals and direct rail access to New York City continues to attract investors looking for long-term stability and value."
Cafiero, David Cafiero and Damien Rance of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
The property is a two-story, 13,006-square-foot building on a 0.26-acre lot. It has five suites and was renovated in 1995. The property is fully occupied by Sweetgreen, Club Pilates, Fred Astair Dance Studio, GamifyU and Exploratores.
The property is surrounded by retailers, restaurants, offices and residential communities. It is within walking distance of the Westfield Train Station and close to State Routes 28, 22 and the Garden State Parkway.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 25, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 28, 2026 at 23:00 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]