The distinctive Wonder Lofts community in Hoboken, at the site of the former brand-name bread factory, has drawn attention for its lavish and distinctive homes. Now, a commercial space at the newly developed property also found an owner.

Pierson Commercial announced Dec. 13 it arranged the $2.475 million sale of a 3,400-square-foot commercial condominium at the community located at 720 Clinton St., with Hudson County expert Robert Mackowski representing the seller and developer of Wonder Lofts, Prism Capital Partners.

In a statement Mackowski said the space was highly sought.

“Wonder Lofts’ central position within the city of Hoboken – along with this rare commercial condo acquisition opportunity – had tremendous appeal among a diverse pool of business types, which renders it a highly desirable business opportunity as well as a strong long-term investment for the buyer,” he explained.

According to Pierson, while Hudson County’s more than 2 million square feet of retail space makes it the second-smallest retail submarket in North Jersey, it still has some of the highest population densities and walkability stats across the U.S. In Hoboken and neighboring Jersey City, Mackowski is responsible for arranging more than 55 transactions and 140,000 square feet in both leases and sales.

Situated at the corner of Clinton and 8th streets, the adaptive reuse project at Wonder Lofts transformed the industrial space into 83 homes with a variety of amenities and interiors. While sales just launched at the property’s Townhome Collection, a few months ago one of its penthouses garnered its own multimillion-dollar sale.

Based in Englishtown, Pierson Commercial is a retail-focused commercial real estate brokerage and advisory firm.

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