Cushman & Wakefield arranged the sale of six vacant bank branches since the beginning of 2025 across Northern New Jersey. The properties were acquired by various private buyers for a total of $5,710,000.
Cushman & Wakefield’s Andrew Schwartz, Jordan Sobel, André Balthazard and Dan Bottiglieri represented a variety of regional, and national banks in these dispositions.
“We have closed six bank branch sales since the beginning of the year, with more in the pipeline,” Sobel said. “This series of transactions highlights the strong demand for well-located retail properties in Northern New Jersey, and our competitive bidding process ensured that each site received multiple bids.”
The properties, located at 425 Route 206 in Hillsborough, 399 Route 23 in Franklin, 473 Route 79 in Morganville, 179 Market Street in Elmwood Park, 580 Valley Road in Montclair and 171 Broadway in Bayonne, offer a range of features and opportunities for repurposing or redevelopment. The sites vary in size and amenities, with some featuring drive-thru lanes, ample parking and strategic locations in neighborhood commercial zones.
These properties are strategically located with easy access to major roads and public transportation, making them attractive to users, investors and developers.
