CBRE Arranges $1.1M Sale of Former Drive-In Movie Site in Wayne for Redevelopment
On Sep 24, 2025CBRE announced the $1.1 million sale of a former drive-in movie site located at 461 Route 46 in Wayne. The development parcel was acquired by an investor from Tozzo Route 46 LLC.
Senior Vice President Marta Villa represented the seller in the negotiations. She also procured the buyer in the deal.
“With frontage on US 46, the site offers tremendous visibility from NJ Route 23 and I-80, making it ideal for a number of development options,” said Villa. “CBRE is delighted to have completed this transaction for a very special retail site along one of New Jersey’s best retail corridors.”
Located on 1.6-acres, the property at 471 Route 46 is easily accessible from Galesi Drive. The site is situated across from the New Jersey Department of Motor Vehicles and in close proximity to the former Ethan Allen and the Bloomingdales Furniture locations.
To access more business news, visit NJB News Now.
Related Articles:
- Accounting
- Artificial Intelligence
- Banking / Financial
- Coronavirus
- Diversity
- Economic Development
- Economy
- Energy
- Environment
- General Business
- Government
- Healthcare
- High-Tech
- Higher Ed
- Infrastructure
- Labor
- Law
- Life Sciences
- Manufacturing
- Meeting Places
- Mergers & Acquisitions
- New Hire/Promotion
- Philanthropy
- Real Estate
- Science & Technology
- Small Business
- Tourism
- Transportation
- Workforce Development
- Special Sections
- Sponsored Content
