Mahwah Business Park 34-73 Ramapo Road, Mahwah, NJ.
July 2018- Houlihan-Parnes Realtors, LLC announced the sale of the Mahwah Business Park located at 34-73 Ramapo Valley Road, Mahwah, New Jersey. The property consists of almost 400,000 square feet of office and warehouse buildings on a bucolic site that straddles the Masonicus Brook near the Mahwah River. This Bergen County, NJ location provided an ideal spot with easy access to major highways and a short commute to Manhattan. Robert V. Tiburzi, Jr. represented the seller, a closely held investment group. The seller determined that the maximum value of this site could only be obtained by future development and decided not to make this commitment. Houlihan-Parnes Realtors, LLC was able to effectuate this sale within six months of this decision. Tiburzi said, “This is a win-win situation. The seller comes away with an excellent return on their investment and the buyer has the opportunity to develop the property to the next level.” The purchaser is a Rockland County, NY based real estate investment company. Keller Williams represented the buyer. Doran Golubtchik, Esq. of Goldberg Weprin Finkel Goldstein LLP represented the seller.