IPA Arranges $63 Million Sale of New Jersey Retail Center

by Hayden Spiess

West Long Branch, N.J. — Marcus & Millichap’s Institutional Property Advisors (IPA) has facilitated the $63 million sale of Consumer Centre, a 293,087-square-foot shopping center located in West Long Branch. Paramount Realty Services acquired the Home Depot-anchored property, which was 96 percent occupied at the time of sale. Brad Nathanson of IPA represented the seller, Site Centers Inc. Tenants at the center, which was built in 1993, include Dick’s Sporting Goods, Buy Buy Baby, Ulta Beauty, DSW, PetSmart and Five Below.

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