NEW JERSEY—The Florham Park office of HFF has closed on the sale of 7 and 17 Popham Road, a two-building, 38,510-sq.-ft. retail, medical and recreational-use property in Scarsdale, N.Y. to L&B Realty Advisors. HFF marketed the property on behalf of the jointly controlled sellers, F&R Popham L.L.C. and F&R Constitution L.L.C.
The HFF investment sales team representing the sellers was led by Andrew Scandalios and Jose Cruz, both senior managing directors, and Jeffrey Julien and Kevin O’Hearn, both managing directors.
Located next to the Scarsdale Metro North train station and six blocks from the business district, 7 and 17 Popham Road are approximately 20 miles north of New York City.
Completed in 2006, 7 Popham Road has 28,864 sq. ft. of rentable space situated on top of a 10,559-sq.-ft. parking garage.
Originally constructed in 1932, 17 Popham Road includes 9,646 sq. ft of space and is currently 100 percent occupied by tenants including CVS, Webster Bank and Dunkin Donuts.