Clarion Partners Acquires Essex Green in New Jersey

West Orange, N.J. — Clarion Partners has acquired Essex Green, a six-building, 350,000-square-foot shopping center located in West Orange, free and clear of existing debt.

Essex Green shopping center is the largest community shopping center in Essex County. Tenants at the 96 percent leased center include ShopRite, Macy’s Backstage, a nine-screen AMC Theatre with dine-in service, Total Wine & More, Sears Appliance/Outlet, Petco, TGI Fridays, Panera Bread, GameStop and GNC.

Jose Cruz, Kevin O’Hearn, Stephen Simonelli, Andrew Scandalios and Chris Munley of HFF worked on behalf of the seller, a global investment manager, in the transaction.