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Deals & Dealmakers

Investors Bank closes on $20M sale-leaseback of NJ property

Cushman & Wakefield arranged the sale of 2300 Route 33, a 47,188 s/f office and retail property in Robbinsville Township occupied by Investors Bank.

Cushman & Wakefield’s Andrew Schwartz, Patrick Dugan, Andrew Merin, Frank Liantonio, David Bernhaut and Jordan Sobel represented the seller, Investors Bank, and procured the buyer, Realty Management Systems.

As a part of the transaction, Investors Bank leased back the property on a long-term basis.

“This property benefits from exceptional demographics with average household incomes of more than $166,000,” said Schwartz. “These demographics coupled with the abundance of nearby amenities create an ideal office environment.”

2300 Route 33 is a three-story single-tenant office and retail property that sits on 2.42 acres. Built in 2005, the property has been occupied by Investors Bank or its predecessor, Roma Bank, since its inception. The property consists of a full-service bank branch with three drive thru lanes.

The asset is the cornerstone of the 140-acre Robbinsville Town Center. A true live, work and play environment within the heart of Robbinsville, the town center consists of residential and commercial properties with an abundance of shopping and dining options. The pedestrian-friendly mixed-use environment totals 256,000 square feet of retail and office space and offers shuttle service to Princeton Junction and Hamilton Train Stations.

2300 Route 33 is highly accessible, less than a mile from Route 130, 4.5 miles from the New Jersey Turnpike and 4.7 miles from Interstate 295. The building offers proximity to hospitality, newly-constructed luxury housing and a multitude of dining options.

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