Behind every successful commercial real estate sale is a team that anticipates challenges and delivers results and this transaction was no exception!
CMM recently represented a long-standing client in the sale of a premium shopping center, anchored by national grocery and retail stores, located in New Jersey.
A notable aspect of this deal was the purchaser’s assumption of the existing mortgage on the property, adding a layer of complexity that our team navigated efficiently. The sale process was expedited to ensure the buyer could leverage the benefits of a 1031 exchange, a strategic tax-deferral opportunity for real estate investors.
CMM Senior Partner Christine Malafi led the transaction, with valuable support from Partner Arthur Yermash and Legal Assistant Brandon Check throughout each stage. The team’s collaborative efforts and attention to detail enabled us to close the deal rapidly and provide success for both our client and buyer.
This transaction underscores our commitment to delivering results for our clients. We are proud to have played a key role in this significant real estate transaction and look forward to supporting future opportunities with similar diligence and professionalism.
For more information on our commercial real estate services, please contact us.