RED BANK, NJ: The waterfront office Coastal Building, located at 151 Bodman Place, has been sold for $6.2 million by the real estate brokerage firm The Kislak Company to First National Realty Partners, LLC.

The seller was Navesink Investments, LLC with offices at the same address.

“Kislak represented the original builder who occupied space there for almost 40 years.  Our marketing efforts resulted in multiple strong offers,” said Kislak’s Senior Vice President Daniel Lanni, who handled the exclusive listing according to an article in NJbiz.com.  “The purchaser ultimately closed at the contract price despite the pandemic, which began to impact us regionally during due diligence.  Despite this and other challenges, everyone worked as a team to ensure closing as quickly as possible.”

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Law and investment firms, asset management, and shipping and office equipment companies are current tenants in the 29,178 square foot property situated on 1.16 acres located directly on the Navesink River.

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