Coldwell Banker Commercial Realty Represented Both Sides Of $3.25m Mixed-Use Sturcke Building Sale In Westfield, N.J.
WESTFIELD, N.J. (July 25, 2023) – Coldwell Banker Commercial Realty is pleased to announce that it represented both the buyer and the seller in the $3.25 million sale of the Sturcke building, a 14,630 square-foot, mixed-use structure offering five retail units and 13 second-floor offices. The building is located at 107-115 Quimby Street in downtown Westfield.
Douglas Feigel, broker associate with Coldwell Banker Commercial Realty, represented the buyer, Ralph Rapuano, Jr., a local investor who plans to continue the legacy of the building and its use as income-producing, tenanted commercial units. The seller is undisclosed. The one-year listing was under contract in 11 months.
“I was happy to work with trusted clients on both sides of the transaction,” said Feigel. “The original property owners constructed and then operated the Sturcke building for decades, followed by the latest seller who were hands-on landlords for more than three decades. Most of the tenants are local to the area and look forward to meeting the new owner. Ralph takes pride in knowing the deal is complete and expects to be hands-on like the previous ownership for many years into the future.”
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
Media Contact:
Kevin Guhl, kevin.guhl@cbhomeoffice.com
973-407-5916
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