Challenge

A local Ringwood, NJ, building owner wanted to downsize his physical space. In a small town where commercial real estate transactions are few and far between, the client needed guidance from experts who could generate interest for the property, despite the area’s relatively inactive real estate market.

Solution

The client turned to McBride’s Vice Presidents, Jeff St. Thomas and Kevin O’Rourke, for help. Backed by their deep knowledge of the property, the market of potential buyers, and the town at large, the McBride team focused their attention to what they knew would be the most logical buyer pool – those that resided locally.

Results

After canvassing the area for prospective buyers, the McBride team identified one that was interested in growing their space locally. They were currently located on the same street, just 300 yards from the property for sale. The building closed in late January 2020.