 |
| 55-75 Mayhill Street, Saddle Brook, NJ |
 |
| Jose Cruz |
FLORHAM
PARK, NJ, June 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today
that it has closed the sale of and arranged acquisition financing for a
two-building neighborhood shopping center located at 55-75 Mayhill Street in
Saddle Brook, New Jersey.
HFF marketed
the property on behalf of the seller.
Vision Real Estate Partners purchased the asset.
Additionally, HFF worked on behalf of the new
owner to secure the acquisition financing through Oritani Bank.
The
119,000-square-foot center is anchored by a 62,000-square-foot A&P
supermarket and is approved for an additional 12,000 square feet of retail
space.
The 12-acre site also has 45,000
square feet of near-term availability, which can be leased as a single unit or
divided into multiple units.
Constructed
between 1998 and 2000, the site offers almost 800 parking spaces. It is
situated between I-80 and the Garden State Parkway with visibility from Market
Street in Saddle Brook and is less than 10 miles from the George Washington
Bridge.
 |
| Kevin O'Hearn |
The population within a
three-mile radius totals more than 252,000 with an average household income
exceeding $75,000.
The HFF
investment sales team representing the seller was led by senior managing
director Jose Cruz, managing
director Kevin O’Hearn and real
estate analyst Robert Borny.
The HFF debt
placement team representing the new owner was led by senior managing directors Jon Mikula and Jim Cadranell.
For a complete copy of the company’s
news release, please contact:
Kristen M.
Murphy
Associate
Director
HFF | One
Post Office Square, Suite 3500 | Boston, MA 02109
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
No comments:
Post a Comment