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The former site of Elizabeth General hospital has been sold after about a decade on the market, according to real estate brokerage firm CBRE Group Inc.The 350,000-square-foot facility, which covers a 5-acre block and includes a 500-space parking deck, will be redeveloped into a multifamily and retail complex, the brokerage said.

The CBRE Capital Markets Investment Properties team of Charles Berger and Mark Silverman in New Jersey and Elli Klapper in New York brokered the deal, along with CBRE’s Gil Medina.

“The CBRE Tri-State Investment Properties team is one of the most active teams of brokers in multifamily in the northern and central New Jersey markets, as well as in the overall Tri-State area, with this being our third sale of a vacant former hospital facility with plans for multifamily redevelopment,” Klapper said in a statement.

“We are excited to have had the chance to collaborate with our colleague Gil Medina, who was instrumental in dealing with the various municipalities on a local and state level in order to bring this deal to fruition.”

Neither the private, out-of-state buyer nor the seller were disclosed, CBRE said. The sale price was also undisclosed.

The hospital has been vacant since Trinitas relocated it to a new site, and the deal was made complex by environmental concerns, the brokerage added.

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