HFF announces sale of mixed-use property in Red Bank

HFF announced Tuesday the sale of a mixed-use property in Red Bank.

The property, comprised of 27,033 square feet, was marketed by HFF on behalf of the seller, Broad Street Realty Association LLC. Saxum Real Estate purchased the asset for an undisclosed price.

The three-story building is located at the corner of Broad and Front streets in downtown Red Bank. It is within close access to the town’s theaters, art galleries, restaurants, retailers and more.

The HFF investment advisory team that represented the seller included Marc Duval, director; Jose Cruz, senior managing director; Chris Munley, managing director; and Stephen Simonelli, senior director.

“We continue to see investors targeting amenity-rich markets that are transit friendly and within close reach of urban areas that will be attractive to millennials,” Duval said.