{"id":1004174353,"date":"2017-04-28T03:44:09","date_gmt":"2017-04-28T11:44:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174353"},"modified":"2021-05-14T22:54:45","modified_gmt":"2021-05-15T06:54:45","slug":"multi-use-nj-area-development-site-sells","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/multi-use-nj-area-development-site-sells\/","title":{"rendered":"Multi-Use NJ Area Development Site Sells"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004174354\" style=\"width: 353px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture8.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004174354\" data-attachment-id=\"1004174354\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/multi-use-nj-area-development-site-sells\/capture-94\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture8.png\" data-orig-size=\"1252,939\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"820 Bloomfield Ave., West Caldwell\" data-image-description=\"&lt;p&gt;820 Bloomfield Ave., West Caldwell&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;820 Bloomfield Ave., West Caldwell&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture8.png?w=1024\" loading=\"lazy\" class=\"wp-image-1004174354\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture8.png\" alt=\"820 Bloomfield Ave., West Caldwell\" width=\"343\" height=\"257\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture8.png 1252w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture8.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture8.png?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture8.png?resize=1024,768 1024w\" sizes=\"auto, (max-width: 343px) 100vw, 343px\" \/><\/a><p id=\"caption-attachment-1004174354\" class=\"wp-caption-text\">820 Bloomfield Ave., West Caldwell<\/p><\/div>\n<p>Manzo-Doren Organization of West Caldwell LLC, an entity affiliated with businessman Albert Manzo, acquired a 34,622-square-foot lot at 820 Bloomfield Ave., West Caldwell. <a href=\"https:\/\/www.commercialsearch.com\/news\/ad-agency-moves-within-nj-area\/\">NAI James E. Hanson<\/a>\u2019s Joshua Levering and Gary Sauerborn represented both the buyer and the seller, Lourenco Service Center LLC.<\/p>\n<p>Although the property previously served as a Shell gas station, the West Caldwell Planning Board already approved the construction of an Investors Bank drive-thru, free-standing branch on the lot. However, the zoning plan allows the construction of retail and office buildings on the parcel.<\/p>\n<p>Located in a highly circulated area, the Essex County site offers a full, 200-foot frontage on Passaic and Bloomfield avenues. It is also close to restaurants and coffee shops, retailers, banks and Wrensch Park. The property\u00a0is just a 30-minute drive away from Newark and Jersey City via Essex Freeway.<\/p>\n<p>&#8220;<em>Working directly with legal counsel, seller and a team of other professionals, we were able to utilize our experience and market knowledge to ensure all our clients\u2019 needs were addressed. The final deal took numerous years but was mutually beneficial for all parties involved. It allowed ownership to sell the property for an acceptable amount while also providing new ownership an opportunity to redevelop this well-located parcel of land,&#8221;<\/em>\u00a0Levering said in a prepared statement.<\/p>\n<p>According to PropertyShark data, the 0.8-acre site last traded in 2011 for a reported $867,000.<\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAI James E. Hanson recently arranged the sale of 820 Bloomfield Ave. in West Caldwell, N.J. According to approved redevelopment plans, the former gas station might become a bank.<\/p>\n","protected":false},"author":241,"featured_media":1004174354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21783,1600,21742,10,21747],"tags":[35017],"class_list":["post-1004174353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-nai-james-e-hanson"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multi-Use NJ Area Development Site Sells - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/multi-use-nj-area-development-site-sells\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multi-Use NJ Area Development Site Sells\" \/>\n<meta property=\"og:description\" content=\"NAI James E. 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