Rahway, NJ, April 21, 2013 --(PR.com
)-- Wayne-based Blue Asset Management LLC is offering an app. 8,000 square foot commercial building for sale located in downtown Rahway,, New Jersey.
Charles Blumenkehl, CEO of Blue Asset Management LLC, said “We are offering a unique opportunity for an operator or re-developer to leverage the ongoing revitalization of the prime downtown district.” The property is located in the downtown district, across from the Rahway train station.
Beginning in the early 1990s and continuing through the present day, the City of Rahway has rebounded as its downtown has seen the construction of new restaurants, art galleries, market-rate housing and the old Rahway Theatre reopening as the Union County Performing Arts Center. The theater underwent a $6.2-million renovation and expansion project, completed in 2007.
Blumenkehl continued, “While we see a tremendous opportunity to benefit by the continued strengthening of the region, we have determined that this particular opportunity is outside our fund parameters, and are offering it at a deep discount to market value.”
The property is being marketed by Joni Sweetwood and Julie Gralla of Kislak Realty who can be contacted at 732 750-3000 for more information about the property. For more information about Blue Asset Management LLC, log onto the company website at www.blueassetmanagementllc.com or contact the company directly at 973 835-1400.