Cushman & Wakefield has arranged the $20 million sale-leaseback of Investors Bank’s branch in Robbinsville, it announced Monday.
The deal saw Realty Management Systems acquire the 47,188-square-foot building at 2300 Rt. 33 from Investors, which (along with predecessor Roma Bank) had occupied the three-story, single-tenant office and retail property since it was built in 2005.
Investors then leased back the property in the Robbinsville Town Center on a long-term basis.
C&W’s Andrew Schwartz, Patrick Dugan, Andrew Merin, Frank Liantonio, David Bernhaut and Jordan Sobel represented the seller and procured the buyer.
“This property benefits from exceptional demographics, with average household incomes of more than $166,000,” Schwartz said in a prepared statement. “These demographics, coupled with the abundance of nearby amenities, create an ideal office environment.”
