CBRE Arranges Sale of 92,431-Square-Foot Lifestyle Center in New Jersey

by Katie Sloan

Denville, N.J. — CBRE Group has arranged the sale of The Shoppes at Union Hill, a lifestyle center located in Denville.

Stanbery Development sold the 92,431-square-foot retail property for an undisclosed price. Built in 2003, the property was 93 percent occupied at the time of sale to tenants including Gap, Pier 1 Imports, Banana Republic, Ann Taylor LOFT, Talbots, Jos. A. Bank, Starbucks Coffee and Panera Bread. Brad Nathanson and Jeff Dunne of CBRE represented the seller in the transaction. The name of the buyer was not released.

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