HFF Arranges $51 Million Sale of Grocery-Anchored Center in New Jersey

Stop & Shop anchors Plaza 23, located roughly 27 miles outside New York City in Pompton Plains, New Jersey. Stop & Shop anchors Plaza 23, located roughly 27 miles outside New York City in Pompton Plains, New Jersey.

Pompton Plains, N.J. — HFF has arranged the $51 million sale of Plaza 23, a 161,000-square-foot shopping center located roughly 27 miles outside New York City in Pompton Plains, New Jersey.

Stop & Shop anchors the center, which is also home to tenants including TJ Maxx, HomeGoods, GNC, Moe’s Southwest Grill and Sally Beauty Supply. Jose Cruz, Thomas Didio, Kevin O’Hearn, Stephen Simonelli, Michael Oliver and Robert Borny of HFF represented the undisclosed seller in the disposition of the property to Phillips Edison Grocery Center REIT II Inc.

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