Sterling Organization Acquires 129,000-Square-Foot Riverfront Plaza in Northern New Jersey

Hackensack, N.J. — Sterling Organzation has acquired Riverfront Plaza, a 129,000-square-foot retail center located in the Northern New Jersey community of Hackensack. ShopRite anchors the property, which was 96 percent leased at the time of sale to tenants including Sherwin-Williams, Leslie’s Pool Supplies and HILTI. Jose Cruz, Kevin O’Hearn, Steve Simonelli, Michael Oliver and Grace Braverman of JLL represented the sellers, a joint venture between Regency Centers Corporation and a separate account client advised by LaSalle Investment Management, in the transaction. The property is situated on 13.8 acres at 500 South River Road.