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Linden, N.J. — Stockbridge Capital Group and Cypress Equities have sold The Shops at Legacy Square, a 93,785-square-foot retail center located in the Northern New Jersey community of Linden. Completed in 2021, the five-building center was 80.6 percent occupied at the time of sale. The property also features multiple fully leased shadow pad sites with tenants such as Starbucks Coffee, Panera Bread, Taco Bell, Wawa, Chick-fil-A, AFC Urgent Care and Aspen Dental.
J.B. Bruno, Kevin O’Hearn, Jose Cruz and Cole Doyon of JLL represented the sellers in the transaction. JLL’s Michael Klein and Max Custer also arranged acquisition financing on behalf of the buyers, Lamar Cos. and Real Capital Solutions.