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| The Shoppes at the Livingston Circle, a 95,809-SF, Aldi-anchored retail center in Livingston, NJ |
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| Jon Mikula |
Developed by the borrower in 1993, The Shoppes
at the Livingston Circle has undergone a multi-million-dollar renovation over
the past two years, including upgrading the façade and renovating tenant
spaces.
Currently 80% leased, the center is home to a diverse roster of service-oriented, lifestyle-focused national and local tenants, including anchor Aldi, Olive Garden, Goldfish Swim School, Hand & Stone Massage and Facial Spa, Club Pilates, Fitness 1440 and Cycle Bar.
The Shoppes at the Livingston Circle is situated on 16.1 acres at 277 Eisenhower Parkway at the intersection of Eisenhower Parkway and Route 10 at the western edge of Essex County.
This location is within the one of the region’s busiest retail
corridors and has easy access to major highways, including the Garden State
Parkway, the New Jersey Turnpike and Routes 280, 80, 10, 24 and 78.
Additionally, the center serves an affluent market with 152,831 residents earning an average annual household income of more than $190,000 living within a five-mile radius.
Currently 80% leased, the center is home to a diverse roster of service-oriented, lifestyle-focused national and local tenants, including anchor Aldi, Olive Garden, Goldfish Swim School, Hand & Stone Massage and Facial Spa, Club Pilates, Fitness 1440 and Cycle Bar.
The Shoppes at the Livingston Circle is situated on 16.1 acres at 277 Eisenhower Parkway at the intersection of Eisenhower Parkway and Route 10 at the western edge of Essex County.
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| Jim Cadranell |
Additionally, the center serves an affluent market with 152,831 residents earning an average annual household income of more than $190,000 living within a five-mile radius.
The HFF debt placement team representing the
borrower was led by senior managing directors Jon Mikula and Jim Cadranell and
analyst Andrew Zilenziger.
About Eastman Companies
Headquartered in Livingston, New Jersey, Eastman
Companies is a full-service real estate development, construction and
management company. The company and its affiliates have been in business
for 39 years and are recognized leaders in high-quality real estate
developments with properties throughout Northern and Southern New Jersey.
Comprising Eastman Management Corp. and Eastman Construction Corp., the company
presently owns, manages and has developed more than three million square feet
of commercial, retail and/or industrial properties throughout New Jersey’s
Essex, Morris, Bergen and Burlington counties. Learn more at http://eastmancompanies.com.
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| Andrew Zilenziger |
CONTACTS:
JON MIKULA
HFF Senior Managing Director
(973) 549-2000
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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