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| Livingston Shopping Center, 530 West Mount Pleasant Avenue, Essex and Morris Counties, NJ |
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| Jose Cruz |
FLORHAM PARK, NJ –
Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Livingston Shopping Center, a
140,000-square-foot power center, 97 percent leased to six national tenants in
Livingston, New Jersey.
HFF selectively marketed
the property on behalf of the seller, a partnership between KABR Group and
G&S Investors. Kite Realty Group
Trust purchased the asset.
Livingston Shopping Center’s
two buildings house Nordstrom Rack, T.J.Maxx, Buy Buy Baby, DSW, Cost Plus
World Market and Ulta Beauty.
The
center, fully repositioned in 2014, is situated on 20 acres at 530 West Mount
Pleasant Avenue along the Route 10 retail corridor that runs through Essex and
Morris Counties.
The center is also less
than a quarter mile from Livingston Circle, a prominent intersection connecting
Route 10 with Eisenhower Parkway, and within three miles of Interstate 280 and
Route 24.
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| Kevin O'Hearn |
The HFF investment sales
team representing the seller was led by senior managing director Jose Cruz, managing director Kevin O’Hearn and associate director Michael Oliver.
“The Livingston Shopping
Center represented an excellent opportunity to acquire a well-located Class A
shopping center in an infill market,” Cruz said. “These types of centers are in high demand
and short supply.”
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
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