Marcus & Millichap Inc.
03/31/2026 | Press release | Archived content
Marcus & Millichap Brokers Sale of Retail Center in Mercer County, New Jersey
Press Releases
Marcus & Millichap Brokers Sale of Retail Center in Mercer County, New Jersey
March 31, 2026
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PENNINGTON, N.J., March 30, 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 Cornerstone Court, an 18,284-square-foot retail center in Pennington, New Jersey. The property sold for $3,925,000.
Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap's Cafiero Team represented the seller, a private investor from New Jersey. Hyldahl, Cafiero and Goldberg, along with David Cafiero and Damien Rance, procured the buyer, also a private investor from New Jersey.
"The demand for well-located, value-add investments in New Jersey continues to remain strong," said Seth Goldberg, associate director investments. "The property is anchored by two national tenants, Subway and Dunkin', with a drive-thru. This was highly attractive to the investment community, paired with upside potential, and the signalized corner of Route 31 contributed to a competitive process."
"By leveraging our network, we identified and introduced a qualified buyer whose investment goals aligned with the property's upside," said Damien Rance, associate investments.
Located at 1 Tree Farm Road, the two-story center is 77% occupied and includes 11 tenants, with ground-floor retail and service uses and office suites on the second floor. Notable tenants include Dunkin' and Subway.
The property is positioned just off Route 31, which sees approximately 26,800 vehicles per day, and is surrounded by national retailers including ShopRite, Starbucks and Chase Bank.
Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap's Cafiero Team represented the seller, a private investor from New Jersey. Hyldahl, Cafiero and Goldberg, along with David Cafiero and Damien Rance, procured the buyer, also a private investor from New Jersey.
"The demand for well-located, value-add investments in New Jersey continues to remain strong," said Seth Goldberg, associate director investments. "The property is anchored by two national tenants, Subway and Dunkin', with a drive-thru. This was highly attractive to the investment community, paired with upside potential, and the signalized corner of Route 31 contributed to a competitive process."
"By leveraging our network, we identified and introduced a qualified buyer whose investment goals aligned with the property's upside," said Damien Rance, associate investments.
Located at 1 Tree Farm Road, the two-story center is 77% occupied and includes 11 tenants, with ground-floor retail and service uses and office suites on the second floor. Notable tenants include Dunkin' and Subway.
The property is positioned just off Route 31, which sees approximately 26,800 vehicles per day, and is surrounded by national retailers including ShopRite, Starbucks and Chase Bank.
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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 https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on March 31, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 02, 2026 at 19:49 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]