Sicklerville, N.J. — First National Realty Partners (FNRP) has acquired Winslow Plaza, a 40,695-square-foot shopping center in Sicklerville, roughly 23 miles outside Philadelphia. ShopRite shadow anchors the center, which was fully leased at the time of sale. Tenants at the property include H&R Block, NovaCare, Ricciardi Brothers, King’s Liquor Outlet and The UPS Store. Colin Behr and Chris Munley of CBRE represented the seller in the transaction.
Newark, N.J. — CBRE has facilitated the $37.5 million sale of Springfield Avenue Marketplace, a 110,551-square-foot mixed-use center located in Newark. A 71,000-square-foot Shoprite anchors the property, which was 97 percent leased at the time of sale. Additional tenants include McDonald’s, Taco Bell, Popeyes and T-Mobile. Developed in 2016, the property also features a 152-unit residential component called 24 Jones. Jeffrey Dunne, David Gavin, Chris Munley, Colin Behr and Travis Langer of CBRE’s National Retail Partners represented the seller, Goldman Sachs Alternatives, in the transaction. The team also procured the buyer, …
Paramus, N.J. — A joint venture partnership between Heidenberg Properties Group, Red Starr Investments, Norse Realty Group and DAG Paramus has acquired Paramus Park South, a 181,150-square-foot shopping center located in Paramus, roughly 20 miles northwest of New York City. Anchored by a 100,223-square-foot Stew Leonard’s Supermarket, the center was 67 percent leased to a mix of tenants including Macy’s, Sephora, L.L. Bean, Ulta Beauty and Chick-fil-A at the time of sale. CBRE brokered the sale of the property. Ackman-Ziff Real Estate Group structured the joint venture and arranged acquisition …
Cherry Hill, N.J. — PREIT has signed leases with five new tenants at its Cherry Hill Mall, a 1.3 million-square-foot shopping center located in Cherry Hill. The addition of a 120,000-square-foot DICK’s House of Sport will anchor the center, which is scheduled to open in 2026. The athletics retailer will offer in-store experiences such as a rock-climbing wall, multiple golf bays with TrackMan simulators, an outdoor track and field, as well as a multi-sport cage that customers can use to test products. DICK’s House of Sport will replace the former One …
North Plainfield, N.J. — Levin Management Corp. (LMC) has appointed Jeanette Oliver, an industry veteran with more than 25 years of experience in the real estate and development industries, to the role of chief financial officer. Oliver previously served as chief accounting officer at Silverstein Properties Inc. and as an accounting director at Forest City Ratner Cos. In her new role, Oliver will be responsible for LMC’s finance, accounting, budgeting, credit, cash management and lease administration functions.
Fort Lee, N.J. — New Jersey-based The Goldstein Group has brokered the $37 million sale of Washington Bridge Plaza, a 47,000-square-foot retail center located in the Northern New Jersey community of Fort Lee. Walgreens anchors the property. Other tenants at the center include The Gyro Project, Bon Epi, Fort Lee Vision, Binghamton Bagel & Deli, Belle Journée Bakery, Revolving Sushi, Punta Cana, 101 Chicken and Pho Today. CJ Huter, Marc Palestina and Lew Finkelstein of The Goldstein Group represented the 1031-exchange buyer, Young Property LLC, in the transaction. Baruch Herman of …
Watchung, N.J. — A new ShopRite store has opened at Blue Star Shopping Center in Watchung. The supermarket spans 72,000 square feet and is the anchor of the 420,000-square-foot shopping center. Dubbed the “New Star of Blue Star,” the store — which replaced an older ShopRite at the center — will offer customers chef-prepared meals, specialty and premium items, meat and seafood options, hand-rolled sushi and a soup and coffee bar. Village Super Market has owned and operated the ShopRite store at Blue Star Shopping Center since 1980. Additional tenants …
Hazlet, N.J. — CBRE has arranged the $44 million sale of Hazlet Town Center, a 190,000-square-foot shopping center located in Hazlet, approximately 40 miles outside New York City. The center — which is anchored by ALDI — was 90 percent leased to tenants including Burlington and Urban Air at the time of sale. The center also features a Wawa outparcel, which was not included in the sale. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, OASG Hazlet LLC, an affiliate of Onyx Equities, in the 1031-exchange transaction. …
Clifton, N.J. — Five new tenants have signed leases to join The Promenade Shops at Clifton, a 160,000-square-foot shopping center located in Clifton, roughly 10 miles west of New York City. Sephora, J. Alexander’s, Paris Baguette and VIO Med Spa have already opened at the property, with Ann Taylor scheduled to open a factory outlet at the center in October 2025. Additionally, four existing tenants at the center — Chicos, LA Fitness, PNC Bank and CityMD — have extended their leases. The shopping center — which opened in 2008 — …
Burlington, N.J. — Cronheim Mortgage has facilitated a $31 million financing for Liberty Square Center, a 358,000-square-foot shopping center located in the Philadelphia suburb of Burlington. An affiliate of National Realty and Development Corp. is the borrower. The 10-year loan features a 30-year amortization period and a step-down prepayment structure. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim secured the financing through a life insurance company on behalf of the borrower. Liberty Square Center is anchored by a Walmart Supercenter. Additional tenants at the property, which was 99.5 percent …
