Union City, N.J. — Marcus & Millichap has brokered the $7.8 million sale of a 22,000-square-foot retail strip center located at 4700 Bergenline Ave. in Union City. The property is occupied by three tenants, including CVS Pharmacy, a laundromat and a physical therapy office. Alan Cafiero, Brent Hyldahl and Devin Perez of Marcus & Millichap represented the seller in the transaction. Dean Matuszewicz, also of Marcus & Millichap, procured the buyer.
Perth Amboy, N.J. — Sterling Organization has acquired Convery Plaza, a 94,430-square-foot neighborhood shopping center located in the Northern New Jersey city of Perth Amboy, approximately 20 miles south of Newark. A ShopRite grocery store anchors the center, which features a mix of additional tenants such as H&R Block, Dunkin’, Taco Bell and Santander Bank.
Bridgewater, N.J. — Pacific Retail Capital Partners (PRCP) has unveiled plans for the renovation of Bridgewater Commons, a 1.2 million-square-foot mall in the Northern New Jersey city of Bridgewater. The renovation will feature improvements to the food court, updates to lighting and interior landscaping, as well as fresh paint and bannisters throughout the center court, department store wings and mezzanine levels. PRCP acquired the property in 2023 and has spent the past two years revamping the tenant roster with the additions of retailers such as Alo Yoga, Fogo de Chão, …
Paterson, N.J. — Marcus & Millichap has brokered the $5.3 million sale of a 12,892-square-foot retail property located at 385 McLean Blvd. in the northern New Jersey community of Paterson. Bank of America and Wingstop anchor the fully leased center, which features a mix of additional tenants including Krauszer’s, Tony’s Bagels, Mina Place and Crispy Beauty. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer in the transaction.
Totowa, N.J. — Marcus & Millichap has brokered the sale of a two-tenant retail property located in Totowa for $2.2 million. Built in 1970, the 4,950-square-foot property is fully occupied by Elite Spine & Sports Care of Totowa and Brooklyn Bagels. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, a local investor, in the transaction.
Parsippany, N.J. — Marcus & Millichap has arranged the $18.5 million sale of Baldwin Shopping Center, a 45,135-square-foot retail center located in the Northern New Jersey community of Parsippany, for $18.5 million. Built in 1970 and renovated in 2012, Balwin Shopping Center was fully occupied at the time of sale. Tenants include Walgreens, Concentra, Enterprise Rent-A-Car and State Farm. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer in the transaction. Bill Schlossman of Castle Real Estate Services was the listing agent …
Lawrenceville, N.J. — Marcus & Millichap has arranged the $11.4 million sale of Village Square Plaza, a 53,077-square-foot retail center located in Lawrenceville, roughly 40 miles northeast of Philadelphia. First Bank anchors the two-building property, which was 97 percent leased at the time of sale to 15 tenants including Kumon and Eastern Dental. Built in 1990, Village Square Plaza is situated on nearly 8 acres. Alan Cafiero and Brent Hyldahl of Marcus & Millichap represented the seller in the transaction.
Edgewater, N.J. — JLL has arranged the $53.5 million sale of Edgewater Towne Center, a mixed-use development located in Edgewater, roughly eight miles from New York City. The property comprises 76,414 square feet of retail space and 64 apartment units. The retail portion of Edgewater Towne Center was 98 percent leased at the time of sale and features a mix of tenants including Club Pilates, Amazon One Medical, Bond Vet and Pure Barre. Whole Foods Market anchors the property. Meanwhile, the residential component of the building was 94 percent occupied. …
Watchung, N.J. — Levin Management Corp. (LMC) has arranged four new leases totaling more than 62,200 square feet at Blue Star Shopping Center, a 420,000-square-foot community shopping center located in the northern New Jersey community of Watchung. The leases include Burlington, Taco Bell, Nail Spa & Beyond and Marshalls. Marshalls will relocate to a 27,000-square-foot portion of a building formerly occupied by ShopRite, which is also being redeveloped to accommodate Burlington. Additionally, Taco Bell has opened a 2,900-square-foot restaurant, while Nail Spa & Beyond will operate a 5,800-square-foot salon. E.J. Moawad …
Jersey City, N.J. — North Plainfield, New Jersey-based Levin Management Corp. (LMC) has signed an 8,350-square-foot lease with PB Club to bring the first indoor pickleball facility to Twin City Shopping Center in Jersey City. Nicole Anderocci of LMC represented the landlord in the lease negotiations. PB Club will offer three pro-style indoor courts, a water station, vending and grab-and-go snack options, as well as a lounge area with a private, sound-proof coworking space. PB Club is owned and operated by Ari and Naomi Saposh, who plan to open three …
