Marcus & Millichap Inc.
08/07/2026 | Press release | Archived content
Marcus & Millichap Brokers $14.67M Sale of Retail Center in Monmouth County, New Jersey
Press Releases
Marcus & Millichap Brokers $14.67M Sale of Retail Center in Monmouth County, New Jersey
August 07, 2026
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MATAWAN, N.J., Aug. 7, 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 Park Plaza, a retail center in Matawan, New Jersey. The asset sold for $14.67 million.
"Park Plaza attracted significant investor interest due to its diverse tenant mix, strong visibility and strategic location within one of Monmouth County's most established retail corridors," said Seth Goldberg, associate director investments in Marcus & Millichap's New Jersey office. "Well-positioned neighborhood shopping centers with durable cash flow continue to be highly sought after, and this transaction reflects the sustained demand for quality retail assets in New Jersey."
Goldberg, Brent Hyldahl and Alan Cafiero of Marcus & Millichap exclusively marketed the property on behalf of the seller, and procured the buyer, both private investors from New Jersey.
Located at 343-351 State Route 34, the retail center sits on a 5.86-acre lot totaling 61,750 square feet. It was built in 1986 and contains 20 suites. The rent roll features a diverse mix of dining, lifestyle, retail and service-oriented tenants, including a Dunkin' with a drive-thru.
Park Plaza is near multiple retailers, restaurants and residential communities. It is close to major roads including the Garden State Parkway, Routes 9, 18, 35 and 36, and within driving distance to New York City, Princeton and Philadelphia.
"Park Plaza attracted significant investor interest due to its diverse tenant mix, strong visibility and strategic location within one of Monmouth County's most established retail corridors," said Seth Goldberg, associate director investments in Marcus & Millichap's New Jersey office. "Well-positioned neighborhood shopping centers with durable cash flow continue to be highly sought after, and this transaction reflects the sustained demand for quality retail assets in New Jersey."
Goldberg, Brent Hyldahl and Alan Cafiero of Marcus & Millichap exclusively marketed the property on behalf of the seller, and procured the buyer, both private investors from New Jersey.
Located at 343-351 State Route 34, the retail center sits on a 5.86-acre lot totaling 61,750 square feet. It was built in 1986 and contains 20 suites. The rent roll features a diverse mix of dining, lifestyle, retail and service-oriented tenants, including a Dunkin' with a drive-thru.
Park Plaza is near multiple retailers, restaurants and residential communities. It is close to major roads including the Garden State Parkway, Routes 9, 18, 35 and 36, and within driving distance to New York City, Princeton and Philadelphia.
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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 August 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 10, 2026 at 23:21 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]